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Which of the concerning unearned revenues is not true

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Problem 1: Which of the following concerning unearned revenues is NOT true?

Option 1: They are receipts for services or products that will be performed or delivered at a future date.
Option 2: Adjusting entries are made at the end of a period to report unearned revenues.
Option 3: They are recorded as a revenue account entry.
Option 4: They are found on a balance sheet.

Reference no: EM132757361

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