ACC 291 Week 2 DQ 2 unearned revenue

 What types of industries have unearned revenue? Why is unearned revenue considered a liability? When is the unearned revenue recognized in the financial statements?

 Why do companies issue bonds? Would you rather buy a bond at a discount or a premium rate? Why? What is the determining factor of whether a bond is sold at a discount, face, or premium?

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Any company where people pay in advance for the product or service has unearned revenue. Some examples are a cable company, cell phone company, magazines, or attorneys. Unearned revenue is considered a liability because it is needed to be earned; you owe something in return for the cash received. Unearned Revenue is the liability account. Unearned revenue is recognized in the balance sheet as a liability, and then reported in the income statement once the income is actually earned to match revenues to expenses incurred. Companies issue bonds to finance operations rather than borrow from banks. Banks place greater restrictions on what a company can do with a loan and are more concerned about debt repayment than bondholders. According to Julia Lee, Mount Holyoke College, January, 1999, Retrieved on October 27, 2011, from

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