The balance sheet allegedly reports all of the assets of a business. But one of the most
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The balance sheet allegedly reports all of the assets of a business. But one of the most important assets of any business is its employees, and this asset is omitted from the balance sheet of every company in every country in the world. Thus, it can be concluded that the balance sheet of any company understates the true value of its assets. Discuss what types of companies and which industries are most likely to be impacted by this situation. Prepare a list of the companies that you feel are most adversely affected by this accounting practice. Why did you select these companies?
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Related Book For
Financial Accounting For Executives And MBAs
ISBN: 9781618531988
4th Edition
Authors: Wallace, Simko, Ferris
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