Financial Accounting - question - What types of industries have unearned revenue? Why is unearned revenue considered a liability? When is the unearned revenue recognized in the financial statements?

Supply and Demand - Can you please explain some advantages and limitations of supply and demand?

Percentage of sales vs. percentage of receivables methods - Why would you use the percentage of sales method of calculating doubtful accounts as opposed to the percentage of receivables method? Is it appropriate to use a hybrid of the percentage of sales and the percentage of receivables methods of calculating the allowance for doubtful accounts? Why or why not? Does GAAP allow for the use of bot...

Financial Accounting - questions - 1) What are the differences among valuation, depreciation, amortization, and depletion? Is it appropriate to calculate depreciation using two different methods? Why or why not? Which depreciation method gives you the highest depreciation expense in the first year? Why? 2) Why would you use the percentage of sales method of calculating doubtful accounts as ...

Unearned revenues - What types of industries have unearned revenue? Why is unearned revenue considered a liability? When is the unearned revenue recognized in the financial statements?