ed cof The following are possible descriptions of items that appear in statements of financial position (balance sheets): i) Cash, described as a current asset (ii) Closing inventory (stock), described as a non-current (fixed) asset (iii) Equipment, described as a current asset (iv) Trade payables (creditors), described as current liabilities. Which of the above statements are correct? Select one: a. (i) and (ii) only O b. (i) and (iv) only O c.0), (ii) and (iii) only O d. (i), (ii) and (iv) only Clear my choice