Which of the following are true about the balance sheet? Select all that apply. Judgrinits and estiratns are veed to voles many of the antis and labites. Many of the teems on the bolance sheet ars rot wied at ahat they are achioly wom The bidarce shent tell un nothing about what a concany ownt acd ows. Fome aniets are not alowed to be recoghand on the balance shet True or False Sometimes companies choose accounting policies (e,g. lifo, fifo, weighted average) based on financial effects, not necessarily because it represents how they actually consume/use the asset. True False Question 6 4 pts True or False If an account is listed on the income statement, it might also be listed on the balance sheet. True False