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9. Which of the following is a correct statement? A) A current asset is either cash te that will become cash within the account period.
9. Which of the following is a correct statement? A) A current asset is either cash te that will become cash within the account period. B) Accounts receivable are debts that others owe the business, usually arising from previous credit sales. C) A fixed asset is something the firm owns or uses that will not turn into cash within the next accounting period. D) Owner's equity should include the value of the owners' investment in the fir plus retained earings. E) All of the above
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