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Some accountants have advocated that a companys human assets be measured and included directly in...

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Accounting

Some accountants have advocated that a companys human assets be measured and included directly in the financial statements. For example, the costs of hiring and training an employee would be recorded as an asset that is amortized over the employees expected term of service. Do you agree or disagree? Why?

How would you respond to the treasurer of a small charity who tells you that the organization does not use a separate checking account for payroll because the benefits are not worth the extra monthly service fee?

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