of 24 Which of the statements below is considered incorrect regarding the relationship betweem depreciation and cash? O A. Depreciation is an allocation of the cost of an asset to the periods in which the asset is used. O B. Accumulated depreciation is not a pile of cash waiting to be used. OC Recording depreciation expense provides a means of setting aside cash for the replacement of an asset. OD. Depreciation does not generate cash. Jnsure of 24 Short-term liquidity is a company's ability to: O A. turn accounts receivable into cash. O B. sell inventory. O C. shift current liabilities into long-term liabilities. OD. pay current liabilities as they become due. nsure