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.
Examples of unearned revenue are: 1  A rent payment made in advance. 2  A services contract paid in advance. 3  A legal retainer paid in advance.