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Part A TQ.1 To what extent is the balance sheet an objective statement of the wealth of a business? In answering this question you should

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Part A TQ.1 To what extent is the balance sheet an objective statement of the wealth of a business? In answering this question you should a) identify and explain how the balance sheet provides objective information about the entity's wealth; and b) discuss ways in which it doesn't, i.e., limitations of the balance sheet

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