Which One of the Following Statements Concerning the Balance Sheet

question 44

Multiple Choice

Which one of the following statements concerning the balance sheet is correct?

• A)Total assets equal total liabilities minus total equity.
• B)Net working capital is equal total assets minus total liabilities.
• C)Assets are listed in descending order of liquidity.
• D)Current assets are equal to total assets minus net working capital.
• E)Shareholders' equity is equal to net working capital minus net fixed assets plus long-term debt.

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