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Which of the following best describes the limitations of the balance sheet? a) They do not reflect current values for some assets. b) They reflect

Which of the following best describes the limitations of the balance sheet?

a) They do not reflect current values for some assets.

b) They reflect an operations financial position only at a particular moment.

c) They fail to reflect many elements of value to hospitality operations, such as people.

d) All of the above.

e) Only a. and c. above.

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