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In: Accounting

Ex. When getting the market value GAAP does not allow employees to be listed as assets...

Ex. When getting the market value GAAP does not allow employees to be listed as assets on the balance sheet because placeing a $$ amount on people is too tricky.

List two other reasons as to how the application of Generally Accepted Accounting Principles (GAAP) in financial statement preparation can cause a difference between a company’s book value and its market value.

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ekkarill92 answered 1 year ago
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