A limitation of the balance sheet that is not also a limitation of the income statement is

Group of answer choices

the use of judgments and estimates.

the numbers are affected by the accounting methods employed.

valuation of items at historical cost.

omitted items.

Group of answer choices

financing activities.

investing activities.

operating activities.

selling activities.

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can be calculated by appropriately adding to or deducting from net income those items in the income statement that do affect cash.

can be calculated by appropriately adding to or deducting from net income those items in the $$ income $$ statement that do not affect cash.

are calculated as the difference between revenues and expenses.

are always equal to accrual accounting income.

Group of answer choices

Liquidity

Insolvency

Solvency

Financial flexibility

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An enterprise's ability to meet cash operating needs.

Differences between net income and associated cash receipts and disbursements.

An enterprise's ability to generate future positive net cash flows.

The cash receipts and cash disbursements of an enterprise during a period.

Group of answer choices

liquidity activities.

financing activities.

investing activities.

operating activities.

Group of answer choices

capital expenditures and dividends.

capital expenditures and depreciation.

dividends.

capital expenditures.