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Which of the following is a limitation of the balance sheet? It does not aid in predicting amounts, timing, and uncertainty of future cash flows

Which of the following is a limitation of the balance sheet?

It does not aid in predicting amounts, timing, and uncertainty of future cash flows

Most assets and liabilities are recorded at fair value which provides room for manipulation

None are limitations of the balance sheet

Items of financial value are sometimes omitted because they cannot be recorded objectively

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