7. One of the following is not a limitation of the income statement: * (2 points) O Income statement provides basis for predicting future performance All of the above are limitations of income statement Income numbers are affected by the accounting methods employed Income measurement involves judgment Companies omit items from the income statement that they cannot measure reliably 8. One of the following is NOT treated as "selling expenses". * (2 Points) Delivery expenses Sales returns and discounts Depreciation expenses (salesman's car) Advertising expenses