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.
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.
举一反三
- Which of the following is generally not considered a source of value to the acquiring firm? A: Duplicate facilities B: Patents C: Land on the balance sheet at below market value D: Warranty claims E: Copyrights
- Among the following ratios, which is used for long-term solvency analysis? ( ) A: current ratio B: Times-interest-earned ratio C: Operating cycle D: Book value per share
- All of the following are financial budgets except: A: the budgeted balance sheet B: the capital budget C: the cash budget D: the budgeted income statement
- Which accounts appear on which financial statement? Balance sheet Income statement
- which of the following are the key financial statements required to be published? ( ) A: Balance sheet B: Income statement C: Statement of cash flows D: Management report