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.
Since the company considers unearned revenue as a liability, it appears in the liabilities section of the balance sheet. When the company delivers all or a portion of the product or service to the customer, it reduces the balance owed to the customer. The amount earned through the delivery of the product or service represents earned income, which the company reports on the income statement. The remaining balance of unearned revenue appears on the balance sheet.