Select the balance sheet category where the items given would best typically appear Balance Sheet Category Items 1. Bonds payable (due in 5 years) 2. Franchises 3. Notes payable (due in five years) 4. Mortgages payable (due in 6 years) 5. Accounts payable 6. Trademarks 7. Cash 8. Short-term investments What is the Codification? Multiple Choice The source of authoritative guidelines and principles for accounting professionals o I do not know o The method by which accounting standards developed over time o The hierarchy of accounting standards, organized from most important to least Important o The software used by auditors to examine the quality of financial statements