alla CPUrug. Wy W WCU LULUPUU punt GENERAL EXERCISES AND PROBLEMS 15-29 True or False Use T or F to indicate whether each of the following statements is true or false. Change each false statement into one that is true. 1. A large cash balance is the best evidence of previous profitable operations, 2. Accounts receivable should be classified as a liability. 3. Machinery used in the business should be recorded at replacement cost. 4. It is not possible to determine changes in the condition of a business from a single balance sheet. 5. From a single balance sheet, you can find stockholders' equity for a period of time but not for a specific day. 6. Retained earnings is just one part of stockholders' equity. terpretive Stranger...acebook Journalism Untiti