The balance sheet provides information concerning liquidity,financial flexibility,and information for calculating various financial ratios.The balance sheet serves as a major indicator of an enterprise's ability to survive.Nevertheless,the analysis of the balance sheet should be approached with a clear understanding of the limitations of the statement.
What are the major limitations of the balance sheet that should be recognized in analyzing the statement?

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The Answer of The balance sheet provides information concerning liquidity,financial flexibility,and information for calculating various financial ratios.The balance sheet serves as a major indicator of an enterprise's ability to survive.Nevertheless,the analysis of the balance sheet should be approached with a clear understanding of the limitations of the statement.
What are the major limitations of the balance sheet that should be recognized in analyzing the statement?

The Balance Sheet Provides Information Concerning Liquidity,financial Flexibility,and Information for Calculating