For several seasons, Jessica Gomes and Victoria Lee have been employed by David Jones Limited in order to attract more fashion-conscious customers to their stores. This strategy has met with some success and their continued employment at fashion events in the future for their respective companies appears assured.

Required

(a) Discuss whether Jessica Gomes and Victoria Lee should be regarded as assets of David Jones Limited. Discuss also whether they should have been recognised on the statement of financial position/balance sheet of the company as assets.