Which of the following is a limitation of the balance sheet?
a. Many items that are of financial value are omitted.
b. Judgments and estimates are used.
c. Current fair value is not reported.
d. All of these answer choices are
Accounting for Business Decisions
Accounting is a system of analyzing, recording
and summarizing the results of a businesss
activities and then reporting the results to
Role of Financial Statement Analysis
Using the information in a comp