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which of the following statements concerning a Statements of financial - Current liabilities can be converted into cash within twelve months - A patent is

which of the following statements concerning a Statements of financial
- 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,
- Assets equal liabilities minus shareholders' equity.
- The statement is also known as a profit and loss statement

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