QUESTION 10 Which of the following is a limitation of an entity's balance sheet? the balance sheet is a historical representation of an entity's financial position and does not consider future growth potential if the business is cyclical, the balance sheet prepared at the end of the financial period may not be representative of the financial position at other times during the financial period the balance sheet may not include all items that create value for the entity all of the options listed are considered limitations of an entity's balance sheet 1 points Save