Question 1 [10 points] Choose the term that best matches each of the following descriptions: a) select answer Obligations that must be paid within the next 12 months or within the entity's next operating cycle, whichever is longer. b) select answer A form of balance sheet where liabilities and equity are presented below the assets. c) select answer Indication that the financial statements are not or may not be truthful. d) select answer A balance sheet that organizes the asset and liability accounts into categories. e select answer The principal amount of a long-term liability that is to be paid within the next 12 months. f) select answer Resources that are held for more than one year and include long-term notes receivable and investments in shares and bonds. g) select answer A resource's ability to be converted into cash. h) select answer Resources that will be useful for more than one year. i) select answer An external examination of a company's financial statement information and its system of internal controls. j) select answer Resources that do not have a physical form and whose value comes from the rights held by the owner. a) select answer select answer b) Account form Audit Classified balance sheet c) Current assets Current liabilities d) Current portion of a long-term liability Intangible assets Internal controls e) Liquidity Long-term investments f) I Non-current assets or long-lived assets Non-current liabilities or long-term liabilities g) Notes to the financial statements Qualified auditor's report Report form h) Unclassified balance sheet Unqualified auditor's report