Learning Objective 3 Use the above video link to answer the following questions. 1. On the balance sheet, inventories would fall under a. Current Assets. b. Property, Plant, and Equipment. c. Current Liabilities. d. Long-Term Liabilities. 2. Advance payments from customers for the future performance of services are classified as a. Accrued expenses under Current Assets. b. Accrued expenses under Current Liabilities. c. Deferred revenues under Current Assets. d. Deferred revenues under Current Liabilities.

Use the above video link to answer the following questions. 1. On the balance sheet, inventories would fall under a. Current Assets. b. Property, Plant, and Equipment. c. Current Liabilities. d. Long-Term Liabilities. 2. Advance payments from customers for the future performance of services are classified as a. Accrued expenses under Current Assets. b. Accrued expenses under Current Liabilities. c. Deferred revenues under Current Assets. d. Deferred revenues under Current Liabilities