A balance sheet, which is intended to present fairly the financial position of a company, frequently is

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A balance sheet, which is intended to present fairly the financial position of a company, frequently is criticized for not reflecting all assets under the control of a company.

Required:
Cite five examples of assets that are not presently included on the balance sheet. Discuss the implications of unrecorded assets for financial statement analysis.
(CFA Adapted)

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Financial Statement Analysis

ISBN: 978-0078110962

11th edition

Authors: K. R. Subramanyam, John Wild

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