Cantech Letter3d
Is service revenue an asset?
Service revenue is reported on the income statement under operating revenues, reflecting earnings from core business ...
Cantech Letter3d
Is unearned revenue an asset?
Unearned revenue is a liability because it represents a company’s obligation to deliver goods or services in the future.
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Deferred Revenue as a Liability: Key Insights for Financial Analysts and Investors
Deferred revenue is first reported on a company’s balance sheet as a liability because it reveals the business’s obligation to deliver a product or service in the future. As services or goods ...
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How Do You Record Adjustments for Accrued Revenue?
On the flip side, the company purchasing the good or service will record the transaction as an accrued expense under the liability section on the balance sheet. Under cash accounting, revenue is ...
Matrix Service Company Reports Fiscal Year 2025 Second Quarter Results
TULSA, Okla., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX), a leading North American industrial engineering, construction, and maintenance contractor, today announced ...