recognized one-tenth of the income each year and recorded the unrecognized portion as a "reserve" (i.e.,
unearned revenue).
XYZ can immediately recognize $162 of previously
unearned revenue from the gift card.
Ticket sales are recorded as
unearned revenue when reservations are recorded, and change fees are recorded as revenue when reservations are changed.
During the fourth quarter of 2015, FBL Financial Group refined mortality assumptions used in the calculation of deferred acquisition costs,
unearned revenue reserves and certain reserves on interest sensitive products, via unlocking.
Currently, the term deferred revenue is commonly used to describe both unavailable revenue and
unearned revenue on the governmental fund balance sheet.
Unearned revenue, a measure of future sales, was $15.7 billion in the first quarter, above the $15.5 billion average analyst estimate.
The increased period-over-period loss can be mainly attributed to a drug development agreement that was mutually terminated by the company and another party and as a result,
unearned revenue of approximately USD1.4m was brought into income in the comparative period in 2010.
<p>And Liddel in October said that
unearned revenue and plentiful cash on hand, both of which remain strong, would "allow us to weather any economic recession in relatively better terms than most." <p>Even stealth Mini-Microsoft wrote Monday that what he wanted was "intelligent, well-thought-out leadership to have seen long ago that we've doubled our ranks far too fast and exceeded our ranks beyond what we can sustain (let alone need).
Unearned revenue from dues and sales 744,620 714,190
Assume that the $100 is recorded as cash and that the company now has a liability (
unearned revenue) in the same amount.
The taxpayer treated the $175,000 as
unearned revenue and recorded it as a liability prorated over 10 years (the note's length).