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Many companies actively seek ways to reduce the liabilities listed on their balance. They argue that because most assets are listed at historical cost (with

Many companies actively seek ways to reduce the liabilities listed on their balance. They argue that because most assets are listed at historical cost (with no adjustments for increases in market values) reducing liabilities helps to even out the information provided, making the two categories easier to accurately compare. Do you agree with this argument? Why or why not?

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