Which of the following companies would be most likely to have an unearned revenue account? grocery...

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Which of the following companies would be most likely to have an unearned revenue account? grocery store O department store O

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Answer 1

Answer #1

Correct Option C i.e. Hotel Chain

Reason: Under hotel chain there are usually instances when guests pay advance deposit for upcoming days rent whicb lead to unearned revenue. Also there are chances when guest leave in rooms at year end but billed at a date later than closing date.

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