Balance sheet a$.$ Will be satisfied through the use of current assets. Liquidity b$.$ Items expected to be converted to cash or consumed within one year or the operating cycle, whichever is longer. Current assets c$.$ The statements are presented fairly in conformity with GAAP. Operating cycle d$.$ An organized array of assets, liabilities, and equity. Current liabilities e$.$ Important to a user in comparing financial information across companies. Cash equivalent f$.$ Scope limitation or a departure from GAAP. Intangible asset g$.$ Recorded when an expense is incurred but not yet paid. Working capital h$.$ Refers to the ability of a company to convert its assets to cash to pay its current obligations. Accrued liabilities i$.$ Occurs after the fiscal year$-$end but before the statements are issued. Summary of significant accounting policies j$.$ Period of time from payment of cash to collection of cash. Subsequent events k$.$ One$-$month U$.$S$.$ Treasury bill. Unqualified opinion l$.$ Current assets minus current liabilities. Qualified opinion m$.$ Lacks physical substance.