Which of the Following Is/are True Regarding the Balance Sheet

Multiple Choice

Which of the following is/are true regarding the balance sheet?

A) The balance sheet does not provide all the information an analyst wants or needs about a firm's resources and the claims on those resources.
B) Authoritative accounting guidance precludes the recognition of some resources on the balance sheet as assets and some obligations as liabilities
C) Amounts reported on the balance sheet for assets, liabilities, and shareholders' equity do not necessarily reflect current market conditions.
D) Astute analysts recognize the features of the balance sheet and adjust the reported numbers.
E) All of these answer choices are correct.