Question in Financial Accounting. Please ans this question kindly ....
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Accounting
Question in Financial Accounting.
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2. Many companies have been restructuring their organizations and reducing the number of employees to cut expenses. General Motors, AT&T, IBM, and numerous other companies have taken this action. One could question whether companies place as much value on their employees as in the past. In previous years it was common to see the following statement in the annual reports of companies: "Our employees are our most valuable asset". Companies are not permitted to show employees as assets on their balance sheets. Required: Do you think they should be allowed to do so? Marks: 3
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