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    Limitation in the usefulness of financial statements

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    Which of the following is a significant limitation in the usefulness of financial statements prepared under generally accepted accounting principles?
    Omission of certain resources Use of estimates and allocations

    A) No No
    B) No Yes
    C) Yes No
    D) Yes Yes

    Please select one of the following answers stated above.

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    https://brainmass.com/business/financial-statements/limitation-in-the-usefulness-of-financial-statements-5694

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    Answer B)
    Omission of certain resources: No
    Use of estimates and ...

    Solution Summary

    Answer to a multiple choice question on a significant limitation in the usefulness of financial statements prepared under generally accepted accounting principles.

    $2.19

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