27. Which of the following statements about a balance sheet is n_ot true? A. a balance sheet directly states how management has performed in using assets to earn prots B. good prot performance is reected by increased assets and retained profits C. a balance sheet provides a useful picture of the state of the company D. a balance sheet is used by many outsiders to evaluate the quality of management's decisions on obtaining, deploying and nancing assets none of the above P1