Suggests changing the definition of assets and discusses implications for accounting standards.
Suggests that the definition of an asset be changed. Approach to measuring impairment of the carrying amount of assets; Accounting for marketable securities of holding companies of financial institutions; Asset standard setting; Articulated definitions by the Financial Accounting Standards Board; Disadvantages of the definition of an asset as a probable future economic benefit.
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Walter P. Schuetze (1993) studied this question.
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