Q. Listed below are several terms and phrases associated with the balance sheet and financial disclosures. Select the item from List A that is most appropriately associated with the item shown in List B.

List B

______ Will be satisfied through the use of current assets.

______ Items expected to be converted to cash or consumed within one year or the operating cycle, whichever is longer.

______The statements are presented fairly in conformity with GAAP.

______An organized array of assets, liabilities, and equity.

______Important to a user in comparing financial information across companies.

______Scope limitation or a departure from GAAP.

______Recorded when an expense is incurred but not yet paid.

______Refers to the ability of a company to convert its assets to cash to pay its current obligations.

______Occurs after the fiscal year-end but before the statements are issued.

______Period of time from payment of cash to collection of cash.

______One-month U.S. Treasury bill.

______Current assets minus current liabilities.

______Lacks physical substance.

______Information about environmental, social, and governance factors related to company operations.

List A

-Accrued liabilities

-Balance sheet

-Cash equivalent

-Current assets

-Current liabilities

-Intangible asset

-Liquidity

-Operating cycle

-Qualified opinion

-Subsequent events

-Summary of significant accounting policies

-Sustainability disclosures

-Unqualified opinion

-Working capital