Match the statements below with the appropriate term. Write the letter in the appropriate space.

1. A revenue not yet recognized; collected in advance.

B Unearned Revenues

2. Office supplies on hand that will be used in the next period.

A Prepaid Expenses

Explanation:

when you breathe in, or inhale, your diaphragm contracts (tightens) and moves downward. this increases the space in your chest cavity, into which your lungs expand. the intercostal muscles between your ribs also enlarge the chest cavity. they contract to pull your rib cage both upward and outward when you inhale.