unearned revenue


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Related to unearned revenue: Accrued Revenue, Deferred revenue
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.unearned revenue - personal income that you did not earn (e.g., dividends or interest or rent income)unearned revenue - personal income that you did not earn (e.g., dividends or interest or rent income)
income - the financial gain (earned or unearned) accruing over a given period of time
revenue enhancement, tax, taxation - charge against a citizen's person or property or activity for the support of government
2.unearned revenue - (accounting) income received but not yet earned (usually considered a current liability on a company's balance sheet)
accounting - a system that provides quantitative information about finances
income - the financial gain (earned or unearned) accruing over a given period of time
References in periodicals archive ?
Therefore, when a company sells a gift card, cash has been received, but goods or services have yet to be provided--the seller records this increase in cash along with a liability for unearned revenue.
Unearned revenue, which comes from sales of multiyear deals that will be recognised in the future, was $19.
Because revenues can be collected before or after they are earned, the differences between the cash basis and accrual basis for revenue recognition purposes are represented by amounts in accounts such as accounts receivable (collection after revenue is earned) and unearned revenue (collection before revenue is earned).
Fourth-quarter unearned revenue, a yardstick of future sales, was $20.
Currently, the term deferred revenue is commonly used to describe both unavailable revenue and unearned revenue on the governmental fund balance sheet.
Students should be familiar with the accounting for accounts receivable, uncollectible accounts expense, and unearned revenue before undertaking this case.
5 million of that total is classified as unearned revenue, leaving $9.
Unearned revenue was down year over year, from $15.
The taxpayer treated the $175,000 as unearned revenue and recorded it as a liability prorated over 10 years (the note's length).
A mere 1 percent of over-collected taxes yields unearned revenue of $45 million.
We must ensure that unearned revenue is not recognized up front, as it inappropriately was by certain high-tech companies not so long ago.
Sun's CFO could be confused because the Microsoft settlement is complicated, but then again, it could be that Sun has decided to be cautious about how it books this money so it can cleverly save that unearned revenue to apply in a quarter with a rainy day or two.