(b) Indicate which element listed above is being illustrated in the examples that follow. Consider the current definitions of both assets and liabilities. 1. Notes Co. has a written contract to receive money from the sale of copies of future recordings of music yet to be written. 2. ReadyMart Inc. has inventory out on consignment at a local retailer waiting for sale to the final customer. 3. Music Corp. has a written contract to deliver a percentage of future music revenues (royalties) from the sale of existing recordings. Attomente: 0 of 1 uced