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Are the assigned terms correct for the below statements. If not, what are the correct terms for the respective statements. I provided all the given
Are the assigned terms correct for the below statements. If not, what are the correct terms for the respective statements. I provided all the given terms below.
Choose the term that best matches each of the following descriptions: a) b) Long-term investments c) d) e) f) g) Qualified auditor's report h) Intangible assets i) j) ] Obligations that must be paid within the next 12 months or within the entity's next operating cycle, whichever is longer. Resources that are held for more than one year and include long-term notes receivable and investments in shares and bonds. A form of balance sheet where liabilities and equities are presented to the right of the assets. | Resources that the entity expects to convert to cash, or to consume during the next year or within the operating cycle of the entity, whichever is longer. ] A balance sheet which included only three broad account groupings: assets, liabilities, and equity. A resource's ability to be converted into cash. Indication that the financial statements are truthful. Resources that do not have a physical form and whose value comes from the rights held by the owner. A form of balance sheet where liabilities and equity are presented below the assets. The principal amount of a long-term liability that is to be paid within the next 12 months. select answer Account form Audit Classified balance sheet Current assets Current liabilities Current portion of a long-term liability Intangible assets Internal controls Liquidity Long-term investments Non-current assets or long-lived assets Non-current liabilities or long-term liabilities Notes to the financial statements Qualified auditor's report Report form Unclassified balance sheet Unqualified auditor's report
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