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.
The accounting equation identifies three major classifications of business transactions. These items include assets, liabilities and owner's equity. Unearned revenue is a liability, as a company receives funds for goods not yet delivered or services not yet performed. Proper accounting is necessary to ensure the company does not mislead stakeholders in this information.