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13. Which one of the following statements is correct? A. Shareholders' equity is the residual value of a firm. B. Net working capital must be

13. Which one of the following statements is correct? A. Shareholders' equity is the residual value of a firm. B. Net working capital must be a positive value. C. An increase in cash reduces the liquidity of a firm. D. Equipment is generally considered a highly liquid asset. E. Depreciation increases total assets.

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