2A1B A STATEMENT OF FINANCIAL POSITION PROVIDES A BASIS FOR ALL OF TH...

6.

CSO: 2A1d

LOS: 2A1b

A statement of financial position provides a basis for all of the following except

a.

computing rates of return.

b.

evaluating capital structure.

c.

assessing liquidity and financial flexibility.

d.

determining profitability and assessing past performance.