Listed below are 5 terms followed by a list of phrases that describe or characterize the terms. Match each phrase with the correct term.

Phrase:

1. Presented fairly in conformity with GAAP.

2. The larger the better from a debt holder's perspective.

3. Expenses incurred but not yet paid.

4. Supported by a negotiable instrument.

5. Will be satisfied in the next year or the operating cycle, whichever is longer.

Terms:

Accrued liabilities

Times interest earned ratio

Unqualified opinion

Notes receivable

Current liabilities