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All of the following make the balance sheet reliable for would-be lenders or investors EXCEPT: a.The balance sheet accounts can be confirmed objectively using documents
All of the following make the balance sheet reliable for would-be lenders or investors EXCEPT:
a.The balance sheet accounts can be confirmed objectively using documents provided by third parties.
b. The amount in the accounts provides a snapshot of the current balance.
c. Cash and cash equivalents can be easily determined.
d.The balance sheet gets audited annually.
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