ABC Ltd. receives annual insurance premium paid by a customer at the beginning of the year. The insurance premium received by ABC Ltd. should be...

ABC Ltd. receives annual insurance premium paid by a customer at the beginning of the year. The insurance premium received by ABC Ltd. should be classified as a(an):

Select one:

a. Accrued revenue - Asset

b. Prepayment - Asset

c. Prepayment - Liability

d. Unearned revenue - Liability