Listed below are several terms and phrases associated with current liabilities. Select the item from List B that is most appropriately associated with the item from List A. List A 1. Face amount x Interest rate Time 2. Payable with current assets 3. Short-term debt to be refinanced with common stock 4. Present value of interest plus present value of principal 5. Noninterest-bearing 6. Noncommitted line of credit 7. Pledged accounts receivable 8. Reclassification of debt 9. Purchased by other corporations 10. Expenses not yet paid 11. Liability until refunded 12. Liability until satisfy performance obligation List B

Accounts payable Accrued liabilities Commercial paper Current liabilities Customer advances Listed below are several terms and phrases associated with current liabilities. Select the item from List B that is most appropriately associated with the item from List A. List B Customer deposits Informal agreement Interest on debt Long-term liability Refinancing prior to the issuance of the financial statements secursed loan Interest on debt Long-term liability Refinancing prior to the issuance of the financial statementiv Secured loan Usual valuation of liabilities Accounts payable Accrued liabilities Commercial paper Current liabilities Customer advances Listed below are several terms and phrases associated with current liabilities. Select the item from List B that is most appropriately associated with the item from List A. List B Customer deposits Informal agreement Interest on debt Long-term liability Refinancing prior to the issuance of the financial statements secursed loan Interest on debt Long-term liability Refinancing prior to the issuance of the financial statementiv Secured loan Usual valuation of liabilities