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One of the limitations of the ______________ is that it is based on historical costs.

Looking for the answer to the question below related to Financial Management?

One of the limitations of the ______________ is that it is based on historical costs.

 Options:

A. Income statement
B. Statement of cash flows
C. Balance sheet
D. none of the above

 

The Correct Answer Is:

  • C. Balance sheet

 

Conclusion

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