会计专业英语（杨晓华）Task 6.pptxVIP

;Mini Case:;Contents:;6.1. Income and Income Statement;The liability, precollected (unearned) revenue, represents the company’s obligation to provide its subscribers the future issues of the magazine for which they have already paid. If the payment is not due until the following period, accounts receivable is shown on the balance sheet as of the end of the current period accrued revenue is the reverse of pre-collected revenue: accrued revenues have been earned by the entity but have not as yet been paid to the entity.;Cost, Expense and Expenditure;Cost of Sales (Cost of Goods Sold);Operating