List A List B $1.$ Balance sheet a$.$ Will be satisfied through the use of current assets. $2.$ Liquidity b$.$ Items expected to be converted to cash or consumed within one year or the operating cycle, whichever is longer. $3.$ Current assets C$.$ The statements are presented fairly in conformity with GAAP. $4.$ Operating cycle d$.$ An organized array of assets, liabilities, and equity. $5.$ Current liabilities e$.$ Important to a user in comparing financial information across companies. $6.$ Cash equivalent f$.$ Scope limitation or a departure from GAAP. $7.$ Intangible asset $9.$ Recorded when an expense is incurred but not yet paid. $8.$ Working capital Refers to the ability of a company to convert its assets to cash to pay its current obligations $9.$ Accrued liabilities i$.$ Occurs after the fiscal year$-$end but before the statements are issued. $10.$ Summary of significant accounting policies Period of time from payment of cash to collection of cash. $11.$ Subsequent events One$-$month U$.$S$.$ Treasury bill. $12.$ Unqualified opinion $1.$ Current assets minus current liabilities. $13.$ Qualified opinion m$.$ Lacks physical substance h