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.