L.Multiple Choice-2 pts each 1) Which one of the following is the financial statement that shows the acco firm's equity as of a particular date? a) Income statement b) Creditor statement c) Balance sheet d) Statement of cash flows e) Dividend statement 2) Net working capital is defined as: a) Total liabilities minus shareholders' equity b) Current liabilities minus shareholders' equity c) Fixed assets minus long-term liabilities d) Total assets minus total liabilities e) Current assets minus current liabilities Which one of these set forth the common set of standards and proced audited financial statements are prepared? 3) a) The Matching Principle b) The Cash Flow Identity c) Generally Accepted Accounting Principles d) Financial Accounting Reporting Principles e) Standard Accounting Value Guidelines 4) Which one of the following accounts is the most liquid? a) Inventory b) Building c) Accounts Receivable d) Equipment e) Land