Question: Please select the True statement: COGS appears on the liability side of the BS The balance sheet The balance sheet iindicates that total liabilities can

Please select the True statement:

COGS appears on the liability side of the BS The balance sheet

The balance sheet iindicates that total liabilities can be found by subtracting total equity from total assets

Changes in depreciation expense do not affect a firms net income

If there is no change in gross fixed assets from one year to the next, then net fixed assets would have to have increased

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