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Which one of the following statements concerning the balance sheet is correct? Multiple Choice Total assets equal total liabilities minus total equity. Shareholders' equity is

Which one of the following statements concerning the balance sheet is correct?
Multiple Choice
Total assets equal total liabilities minus total equity.
Shareholders' equity is equal to net working capital minus net fixed assets plus long-term debt.
Current assets are equal to total assets minus net working capital.
Assets are listed in descending order of liquidity.
Net working capital is equal total assets minus total liabilities.

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