Correct Answer: Unearned income
Explanation:
Note: This Question is unanswered, help us to find answer for this one
Generally Accepted Accounting Principles (GAAP) Skill Assessment
Your Skill Level: Poor
Retake Quizzes to improve it
More Generally Accepted Accounting Principles (GAAP) MCQ Questions
Which of the following is a Financing Activity as per US GAAP classification?
Under US GAAP, minority (non controlling) interest in a subsidary can be reported in which of the following sections of a balance sheet?
If Earnings before Interest and Taxes (EBIT) is $10,000, interest expense is $500 and number of outstanding common stocks are 20,000, which of the following is the value of interest coverage ratio?
In which of the following securities are unrealized gains and losses reported in Other Comprehensive Income (as a part of stockholder's equity)?
You receive a dividend, what happens on the cash flow statement and in which section?
What is the primary goal of accounting for income taxes?
Which of the FASB statements discusses how accounting changes are to be handled?
What is the purpose of consolidating financial statements?
Which would impairment not apply to?
What is a contingency in general?