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Select the correct statement. A-Current assets are claims against current liabilities. B-Current liabilities and current assets are converted into cash. C-Current liabilities and current assets

Select the correct statement.

A-Current assets are claims against current liabilities.

B-Current liabilities and current assets are converted into cash.

C-Current liabilities and current assets are those items that will be satisfied and converted into cash, respectively, during the operating cycle.

D- If current assets increase, there is a corresponding increase in current liabilities.

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