So technically the terms Sound Card and Audio Interface could be used interchangeably. But for our discussion let's define Sound Cards as hardware internally mounted to your computer, while a studio Audio Interface is an external hardware unit connected via USB or FireWire.
Unearned Revenue Reporting. The unearned revenue amount at the end of the time period is reported on the balance sheet. The cash flows from unearned revenue are recorded on the cash flow statement. Unearned revenue flows through the income statement, as it is earned by the company. One factor to keep in mind is to make sure the prepaid revenues are collected with cash, not with an accounts receivable.
A company must recognize the earned portion of the unearned revenue as the service or goods are provided. For instance, a newspaper company receives $50 in advance for a 10-week subscription. This means it costs $5 per week to subscribe to the newspaper because $50 divided by 10 weeks is $5. company recognizes revenue when a sale is made or when the service is provided. Unearned revenue occurs when a company receives cash but has not yet provided the goods and services. Unearned revenue does not appear on the income statement with the companyâs other revenues.