Harvesting: Directions: Try to reflect on "what" you have learned, "so what" (why is it important

and what are the implications), and "now what" (how to apply it or do things

differently). Write your answers on the space provided.

WHAT

SO WHAT

NOW WHAT

Explanation:

The reason why they adopt changes:

*For the development of the country.

*To survive .

*And also for the power in position

Subject Economics

The correct answer amont the given choices is letter b. Unearned Revenue is money already received from the customer or client for service or product that has yet to perform or deliver. In accounting initial entry, cash is normally debited and unearned revenue is credited since it is a liability that the business need to provide yet a service or product. Unearned Revenue will be reverse once the service or product is already done or delivered to the customer.

In accounting, liability is the payables, debts or obligations of a business to settle. This an obligation of the company to settle to another company. Liabilities have two main categories:

-these are payables,obligations or debts which are short-term payables that needs to be paid or settled by the business within a year.

-these are payables, debts or obligations that are long-term liabilities that can be settle after a year or more than a year.

Further related topics about assets and liabilities

What is the opposite of assets

For related topics about fundamental accounting equation

Code: 11.11.3.7.

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