Question: a. How does information from the balance sheet help users of the financial statements? b. How does information from the balance sheet help users of

a. How does information from the balance sheet help users of the financial statements?

b. How does information from the balance sheet help users of the financial statements?

c. What are the major limitations of the balance sheet as a source of information?

d. Discuss at least two items that are important to the value of companies like Intel or IBM but that are not recorded in their balance sheets. What are some reasons why these items are not recorded in the balance sheet?

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