Select the three primary disadvantages of the statement of financial position. (Select all that apply.) A The balance sheet aids in assessment of the riskiness of the entity in that it can be used to measure liquidity, solvency, and financial flexibility B. There are a number of assets and liabilities that are not reported on the balance sheet C. The balance sheet, in conjunction with the income statement, is useful in assessing the rate of retum that an entity is generating on its investments D. Many of the accounts reported on the balance sheet are based on estimates as opposed to determinable amounts. E. The balance sheet summarizes the economic resources and obligations that impact the entity's ability to generate future cash flows. OF Many, if not most of the accounts on the balance sheet are reported at historical cost, as opposed to market values or liquidation values. Thus, the relevance of the statement is questioned