One criticism not normally aimed at a statement of financial position prepared using current accounting and reporting standards is
A)failure to reflect current value information.
B)the extensive use of separate classifications.
C)an extensive use of estimates.
D)failure to include items of financial value that cannot be recorded objectively.

Question

Quizplus · Accepted Answer

The extensive use of separate classifications is generally not criticized because it helps in organizing and presenting financial information clearly and effectively.

One Criticism Not Normally Aimed at a Statement of Financial