Which of the Following Is Not a Limitation of Financial

Which of the following is not a limitation of financial statements?

A) Financial statements report quantitative economic information; they do not reflect qualitative economic variables.
B) The cost principle requires assets to be recorded at their original cost; thus, the balance sheet does not generally reflect the fair values of most assets and liabilities.
C) Net income from the income statement is added to the Retained Earnings account balance in the balance sheet.
D) Estimates are used in many areas of accounting; when the estimate is made, about the only fact known is that the estimate is probably not equal to the "true" amount.