Umearned (deferred) revenue that has yet to be collected is: 1. recorded on the income...
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Finance
Umearned (deferred) revenue that has yet to be collected is:
1. recorded on the income statement as future revenue
2. recorded on the balance sheet as a liability
3. recorded on the off-balance sheet as an asset
4. recorded on the balance sheet as an asset
5. none of the answers are correct
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