Which of the following is a limitation of the statement of financial position? OA. Valuation of items at historical cost. O B. Assess future cash flows. OC Compute rates of return. O D. Evaluate capital structure. Moving to another question will save this response. Which of the following statements is a usefulness of the income statement? OA Evaluate the past performance of the enterprise. O B. Income measurement involves judgment. O C. Income numbers are affected by the accounting methods employed. OD. Items that cannot be measured reliably are not reported. All of the following statements are objective of financial reporting, except: Provide information that is useful in investment and credit decisions. Provide information that is useful in assessing cash flow prospects. OA. OB. OC. Provide information on the liquidation value of an enterprise. OD. Provide information about enterprise resources, claims to those resources, and changes to them. BBA will save this response. Which of the following represents a form of communication through financial reporting but not through financial statements? OA. Management Forecasts. OB. Statement of financial position. OC Notes to financial statements. O D. Statement of Cash Flows.