Savod Which of the following statements concerning a statement of financial position is (are) correct? Multiple Choice Assets equal liabilities minus shareholders' equity. Current liabilities can be converted into cash within twelve months. A patent is an example of an intangible asset. Retained earnings is classified as long-term debt. Saved Which of the following assets would most likely be considered the least liquid? Multiple Choice O A share of common stock in Apple. A bond issued by Microsoft. O A share of preferred stock in GM of Canada. O A Lethbridge, Alberta municipal bond. Prev