Select the false statement regarding the balance sheet. The balance of the retained earnings account may decrease even if a company earns positive net income during the year. O Current achets are those expected to be consumed within a year or an operating cycle. O Debt must be partitioned between current and long-term liabilities with any balances due within a year classified as current liabilities. O The common stock account holds the par value of any stock issued. O The accumulated other comprehensive income (AOCI) account holds the balance all the comprehensive income a firm has earned over its life