Ask Question
13 January, 02:48

Unearned Fees appear on the ___

a. balance sheet in the current assets section

b. income statement as revenue

c. balance sheet in the stockholders' equity section

d. balance sheet as a current liability

+5
Answers (1)
  1. 13 January, 02:54
    0
    d

    Explanation:

    Unearned fees is recorded on a company's statement of financial position (balance sheet) as a liability. Unearned Fees is presented as a liability because the revenue has still not been earned and relates services owed to a customer ...

    See IFRS 15 for further clarity ...
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Unearned Fees appear on the ___ a. balance sheet in the current assets section b. income statement as revenue c. balance sheet in the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers