Question

SFAC No. 5 states that the concept of capital maintenance is critical in distinguishing an enterprise’s return on investment from return of its investment. Two concepts of capital maintenance are discussed: physical capital maintenance and financial capital maintenance. Team Debate:
Team 1: Present arguments in favor of the physical capital maintenance concept.
Team 2: Present arguments in favor of the financial capital maintenance concept.



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  • CreatedDecember 17, 2014
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