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What is the main problem in using a GAAP balance sheet to provide an accurate assessment of the economic value of acompany's equity ? a.
What is the main problem in using a GAAP balance sheet to provide an accurate assessment of the economic value of acompany'sequity?
a. The value of investments in the company's reputation, intellectual property, and the quality of its work force are not captured on the balance sheet.
b. The balance sheet does not accurately represent the book value of assets held by the company.
c. The economic value of the equity includes the value of the debt.
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