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4 1 point Which one of the following statements is accurate? Current...

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Accounting

4
1 point
Which one of the following statements is accurate?
Current liabilities are debts that must be repaid in 18 months or less.
Tangible assets are fixed assets such as patents.
Long-term debt is defined as a residual claim on a firm's assets.
Current assets are assets with short lives, such as accounts receivable.
Net working capital equals current assets plus current liabilities.
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