Explain what unearned revenues are by selecting the statements below which are correct. (Check all that apply.) Multiple select question. They are reported on a balance sheet. They refer to cash received in advance of performing a service or product. They are also called accounts receivable. They are a liability. They are also called deferred revenues. They refer to earnings which have been earned, but not yet billed.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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