Question: Listed below are several terms and phrases associated with current liabilities. Pair each item from List A (by letter) with the item from List B that is most appropriately associated with it.

List A                                                                                                                            List B
 
1. Interest expense is recorded in the period
interest is incurred rather than in the period interest is paid.                                         a. The riskiness of a business's obligations

2. Payment is reasonably possible and can be reasonably estimated.                               b. Current portion of long-term debt.

3. Cash, current investments, and accounts receivable all divided by current liabilities        c. Recording a contingent liability.

4. Payment is probable and can be reasonably estimated                                               d. Disclosure of a contingent liability.
 
5. Gift certificates.                                                                                                 e. Interest expense.

6. Long-term debt maturing within one year                                                                f. FICA.

7. Social Security and Medicare.                                                                               g. Commercial paper

8. Unsecured notes sold in minimum denominations
of $25,000 with maturities up to 270 days.                                                                 h. Acid-test ratio.

9. Classifying liabilities as either current or longterm helps
investors and creditors assess this                                                                            i. Accrual accounting.

10. Incurred on notes payable.                                                                                 j. Unearned revenues.