There is an argument that the 'virtual business' has much of its value unrecognised by GAAP, resulting in a large differ

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answerhappygod
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There is an argument that the 'virtual business' has much of its value unrecognised by GAAP, resulting in a large differ

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There is an argument that the 'virtual business' has much of its value unrecognised by GAAP, resulting in a large difference between book value (balance sheet) and market capitalisation (the stock market valuation). What are your thoughts on the balance sheet? Do you think it is useful for your needs? If so, what do you find the most useful aspects, and if not, what could be changed to make it more useful for you?
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