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Unearned Fees appear on the ___

a. balance sheet in the current assets section
b. income statement as revenue
c. balance sheet in the stockholders' equity section
d. balance sheet as a current liability

Respuesta :

tobiadebolas

Answer:

d

Explanation:

Unearned fees is recorded on a company's statement of financial position(balance sheet) as a liability. Unearned Fees is presented  as a liability because the revenue has still not been earned  and relates services owed to a customer. .

See IFRS 15 for further clarity..

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