QUESTION 1 If current assets are equal to 400, total liabilities is equal to 500, and owner's equity is equal to 200, what is the amount for assets not expected to be converted into cash within a year? QUESTION 2 Taxes Payable are Tax expense incurred and recognized but not yet paid. The amount of taxes paid to the IRS this period The amount of taxes paid to the IRS next period OThe amount we are owned back from the IRS this period