Match the limitations of financial statements with their explanation:

  Column A (Limitations)   Column B (Explanation)
A Do not reflect current situation (i) Point-in-time view only
B Assets may not realise (ii) Based on historical cost
C Aggregate information (iii) Summary, lacks detail
D Interim reports (iv) May not reflect recoverable value in liquidation

1
A-(ii), B-(iv), C-(iii), D-(i)
2
A-(iv), B-(ii), C-(i), D-(iii)
3
A-(i), B-(iii), C-(iv), D-(ii)
4
A-(iii), B-(i), C-(ii), D-(iv)

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