Given the two statements $(1)$ "Solvency refers to the ability of a company to meet its short$-$term obligations." and $(2)$ "Prepaid expenses are usually classified as current assets." Which of the following is true?

a$,(1)$ is false; $(2)$ is false

b$.(1)$ is true; $(2)$ is true

c$.(1)$ is true; $(2)$ is false

d$.(1)$ is false; $(2)$ is true