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QUESTION 12 A key limitation of balance sheets in financial analysis is that: OA. some items are recognized when they are unlikely to reflect

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QUESTION 12 A key limitation of balance sheets in financial analysis is that: OA. some items are recognized when they are unlikely to reflect a flow of economic benefits. OB. liquidity and solvency ratios require information from other financial statements. C. some balance sheet items use historical cost, but some use fair value.

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