Question : Which of the following statements is incorrect?
Option 1: Ignores the Qualitative Elements is a limitation of Financial Statement Analysis
Option 2: Not free from personal bias is a limitation of Financial Statement Analysis
Option 3: Ignores the price level changes is a limitation of Financial Statement Analysis
Option 4: None of the above
Correct Answer: None of the above
Solution : Answer = None of the above
All the above statements given are correct.
Hence, the correct option is 4.