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Intangible Greatness

Motley Fool Money

CHAPTER

Rethinking Accounting: Assets, Liabilities, and Business Growth

This chapter delves into the reevaluation of foundational accounting concepts from a CEO's viewpoint, emphasizing the perception of inventory as a liability rather than an asset. It also discusses the significance of vendor relationships and accounts payable as indicators of trust that can drive company growth while maintaining ownership integrity.

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