Product Overview. Sta-Kool 770 Ultra White Elastomeric Roof Coating is a tough, highly flexible, rubberized roof coating. This high-performance, 7-year warranted elastomeric roof coating resists cracking and peeling. The coating also provides a highly protective barrier which reflects the sun's heat and destructive UV rays.
unearned revenue(s) A liability account that reports amounts received in advance of providing goods or services. When the goods or services are provided, this account balance is decreased and a revenue account is increased. To learn more, see Explanation of Adjusting Entries.
Customers often receive discounts for paying in advance for goods or services. Unearned revenue is an important concept in accounting because the company cannot recognize the revenue until it provides the good or service to the customer who paid for it.