Which of the following statements is TRUE? The balance sheet identity indicates that total liabilities can be found by adding total assets to total equity. An increase in inventory constitutes a source of cash. COGS appears on the asset side of the balance sheet. Accounts payable represents short-term loans extended to the corporation by suppliers. With a tax rate of 40%, what is the impact on NI and a firm's amount of cash from a decrease of $300 in Depreciation Expense? O +180; +180 +180; -120 O-180; +120 O +300; +120