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1.Which of the following is true regarding financial statements? A.Assets and liabilities should be presented in order of liquidity B.Large business interests should be shown

1.Which of the following is true regarding financial statements?

A.Assets and liabilities should be presented in order of liquidity

B.Large business interests should be shown within other investments

C.Assets should be shown at purchased price

D.Discounts are not required for receivables

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