Many successful companies, like Ford Motor Company, ExxonMobil, and Marriott Corporation, readily acknowledge the importance and value

Question:

Many successful companies, like Ford Motor Company, ExxonMobil, and Marriott Corporation, readily acknowledge the importance and value of their employees. In fact, the employees of a company are often viewed as the most valued asset of the company. Yet in the asset section of the balance sheets of these companies there is no mention of the asset Employees. What is the reason for this oversight and apparent inconsistency?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

Question Posted: