B. Judgments and estimates are used. A. Many items that are of financial value are omitted. 21. Which of the following is a limitation of the balance...

B. Judgments and estimates are used. A. Many items that are of financial value are omitted. 21. Which of the following is a limitation of the balance sheet? A. Many items that are of financial value are omitted. B. Judgments and estimates are used. C. Current fair value is not reported. D. All of these The balance sheet is useful for analyzing all of the following except a. liquidity. B. solvency. C. profitability. D. financial flexibility.