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  3. companies classify unearned revenue as : select on

Companies classify unearned revenue as : Select one: O a. Revenue O b. Assets...

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Accounting

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Companies classify unearned revenue as : Select one: O a. Revenue O b. Assets O C. Current Liability d. The answer does not exist e. Liability A plant asset cost $2,8800 and is estimated to have a $36,000 salvage value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be Select one: a. $35,436. b. $40,500. C. $27,570 O d. The answer does not exist e. $24,120. A company receives $396, of which $36 is for sales tax. The journal entry to record the sale would include a Select one: O a. The answer does not exist b. debit to Sales Revenue for $396. C. debit to Cash for $360. d. debit to Sales Tax Expense for $36. o e. credit to Sales Taxes Payable for $63

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