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 correct.
Answer:D
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 correct.