D Question 9 0.5 pts Which of the following statement is true about financial statement? Liquid assets usually have higher returns than fixed assets. The balance sheet identity is: assets plus liabilities are always equal to equity. The income statement measures a company's financial statement as of a particular date. Depreciation is a non-cash item because a firm never writes a check for 'depreciation! Question 7 0.5 pts D&C has made the promise to pay its debtholders an amount of $2,700 over the next year. The firm's shareholders hold claims to whatever is left after the debtholders' claims have been satisfied. How much Puzzle's debtholders and shareholders will receive if its assets total $1,100 at the end of the year? O $1100: $2700 $1100; $0 $1100; $1600 $0: $1100