Which of the following statements is true? O A. The total claims of the owners plus the claims of the creditors equal the net assets of the entity. B. Operating expenses are not directly associated with specific goods and services. O C. Expenses result from the depletion of liabilities. O D. Drawings refer to the portion of the profit earned that has been taken by the owner for business use.

Which of the following statements is true? A. The total claims of the owners plus the claims of the creditors equal the net assets of the entity. B. Operating expenses are not directly associated with specific goods and services. C. Expenses result from the depletion of liabilities. D. Drawings refer to the portion of the profit earned that has been taken by the owner for business us