NO.PZ2019120301000087
问题如下：
Question Which of the following best describes a limitation of the balance sheet in determining a company’s intrinsic value? A company’s balance sheet:选项：
A.reflects the company’s intrinsic value only at the end of the reporting period. B.adjusts the value of debt obligations only when interest rates change. C.records some values using different measurement methods.解释：
SolutionC is correct. The balance sheet provides important information about a company’s financial condition, but it is limited in its ability to provide all the detail necessary to determine a company’s market or intrinsic value. One limitation is that under current accounting standards, some assets and liabilities are measured at historical cost but others are measured on a current value basis.
A is incorrect. Although the balance sheet reflects values as of the end of the reporting period, the balance sheet should not be viewed as a measure of a company’s intrinsic value, even at the end of the reporting period.
B is incorrect. The statement is not correct and hence not a limitation.
题目读不懂什么意思，求解
