Need all answer Could the traditional concept of assets and liabilities adequately reflect thevalue of data-driven businesses? What new categories might need to becreated?

The historical structure of the general ledger, which divides business components as assets,…

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Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter1: The Demand For And Supply Of Financial Accounting Information

Section: Chapter Questions

Problem 2GI

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Could the traditional concept of assets and liabilities adequately reflect the value of data-driven businesses? What new categories might need to be created?