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Diversification of assets is important because non-diversified assets are liabilities diversified assets don't decrease in value cash is not liquid enough and so it
Diversification of assets is important because non-diversified assets are liabilities diversified assets don't decrease in value cash is not liquid enough and so it must be further diversified your net worth only includes diversified assets if one category decreases in value, the others may increase
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
8th edition
1111534918, 978-1111534912
