Unearned revenue is a liability because it represents a company’s obligation to deliver goods or services in the future.

The Prior Lake baseball team suffered its first loss of the season April 18, giving up seven unearned runs. Eastview scored two runs with two outs in the bottom of the seventh inning for a 7-6 ...

Income can be divided into several categories, including gross versus net income and earned versus unearned income. Income is a form of compensation or benefits received for work performed or from ...