1- Merchandise inventory: Select one: a. Includes supplies the company will use in future periods. b. Is a long-term asset. c. Is a current asset. d. Is classified with investments on the balance sheet.

2- An account linked with another account that has an opposite normal balance and is subtracted from the balance of the related account is a(n): Select one: a. Contra account. b. Accrued revenue. c. Adjunct account. d. Intangible asset.