Question: 9 Multiple Choice 1 . 6 6 7 points Which one of the following statements concerning the balance sheet is correct? Current assets are equal
Multiple Choice points
Which one of the following statements concerning the balance sheet is correct?
Current assets are equal to total assets minus net working capital.
Net working capital is equal total assets minus total liabilities.
Total assets equal total liabilities minus total equity.
Assets are listed in descending order of liquidity.
Shareholders' equity is equal to net working capital minus net fixed assets plus longterm debt.
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