1) Which of the company's balance sheet accounts represents future cash inflows from customers for revenue already earned?

a. accounts receivable b. prepaid expenses and other current assets c. deferred revenue

2) Which of the company's balance sheet accounts represents future cash outflows for expenses already incurred?

a. accounts payable b. accounts receivable c. prepaid expenses and other current assets d. deferred revenue

3) Which of the company's balance sheet accounts represents expenses that will appear on next year's income statement?

a. accounts receivable b. prepaid expenses and other current assets c. accounts payable