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The chief limitation of using a balance sheet to make financial decisions is that: A. the inclusion of intangible items overstates the value of the

The chief limitation of using a balance sheet to make financial decisions is that:

A. the inclusion of intangible items overstates the value of the firm

B. the balance sheet does not include the firm's debts

C. most items on the balance sheet are shown at historical cost

D. most items on the balance sheet are shown at market value

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