Question

Unearned subscription revenues that extends over multiple periods is an example of a _______ known liability.

Answer 1

The name which is given to the unearned subscription revenues which extends over multiple periods is:

• Multi period

According to the given question, we are asked to state the  name which is given to the unearned subscription revenues which extends over multiple periods.

As a result of this, we can see that a multi period liability refers to the liability which does not have one fixed date but extends over a certain, multiple periods and an unearned subscription revenue is an example of this.

Therefore, the correct answer is Multi period liability.

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