Match the following assertions with their associated description: (a) existence/occurrence, (b) completeness, (c) rights and obligations, (d) valuation or allocation, (e) presentation and disclosure. 1.cash accounts are properly classified on the balance sheet and disclosed in the notes to the financial statements. 2.cash balances exist at the balance sheet date. 3.the recorded balances reflect the true underlying economic value of those assets. 4.the company has title to the cash accounts as of the balance sheet date. 5.cash balances include all cash transactions that have taken place during the period.

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%