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    Intermediate Accounting Study Set 10
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    Exam 5: Financial Position and Cash Flows
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    Which of the Following Is a Limitation of the Balance
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Which of the Following Is a Limitation of the Balance

Question 36

Question 36

Multiple Choice

Which of the following is a limitation of the balance sheet?


A) Many items that are of financial value are omitted.
B) Judgements and estimates are used.
C) Current fair value is not reported.
D) All of these

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