Which of the Following Statements Concerning a Statement of Financial

Which of the following statements concerning a statement of financial position is (are) correct?

A) Assets equal liabilities minus shareholders' equity.
B) Current liabilities can be converted into cash within twelve months.
C) A patent is an example of an intangible asset.
D) Retained earnings is classified as long-term debt.
E) The statement is also known as a profit and loss statement.