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NEED ANSWER ASAP Balance sheet assets: 1. are always equal to total liabilities minus shareholders' equity. 2. are listed in order of increasing liquidity. 3.

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Balance sheet assets: 1. are always equal to total liabilities minus shareholders' equity. 2. are listed in order of increasing liquidity. 3. represent items acquired with the use of the firm's assumed liabilities and equity. I only O ll only III only I and III only O II and III only

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