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.
According to AccountingTools, unearned revenue accounts can be used to estimate the amount of income that a company expects to receive in a certain period. These types of revenue can come from anticipated sales, rental payments made in advance and prepaid insurance. Unearned revenue may also be denoted as prepaid revenue on a company's balance sheet. AccountingTools notes that unearned revenue accounts are liabilities rather than assets because the company is liable for the amount until the service is redeemed or the product is distributed.