Remaining Time: 2 hours, 06 minutes, 04 seconds O A 529 Plan for education The vested portion of a Question Completion Status: QUESTION 8 Which of the following statements is/are correct? I. The principal but not the interest to be paid this year on a 30-year mortgage is properly classified on the Statement of Financial Position as a current liability, II. A CD with a maturity of 9-months is classified as an investment asset on the Statement of Financial Position 1 only 2 only. Both 1 and 2 Neither 1 nor 2 QUESTION 9 Which of the following statements is/are correct? Net worth represents the personal equity that the individual has in his assets and can never be