In 1936 the AICPA recognized the difference in importance between items reported in the balance sheet as current assets and liabilities, and long-term assets and liabilities, for the different users of financial information. They acknowledge that the liquidity of a business was as important, if not more important, than long-term assets and liabilities from the point of view of the :
A. debtor
B. common stock shareholder
C. creditor
D. preferred stock shareholder