ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 299

b. Disclose the amount of the dividends in arrears.

c. Record a liability for the current year's dividends only.

d. No disclosure or recognition is required.

43. Which of the following situations may give rise to
unearned revenue?

a. Providing trade credit to customers.