I need a research title on finance & accounting, can somebody help?
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I need a research title on finance & accounting, can somebody help?
Meaningful Balance Sheets and
The appropriate valuation of Fixed Assets.
1) Accounting is NOT an exact
science. It definitely is not.
It can be described as a science
of approximations.
2) No Balance Sheet is worth the paperit is printed on, if it values the assets at cost basis prices.
What is the alternative ?
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