Refer to the 4 characteristics of accounting assets (A probable future economic benefit, The business...
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Accounting
Refer to the 4 characteristics of accounting assets (A probable future economic benefit, The business has an exclusive right to control the benefit, The benefit must arise from past transaction or event, The asset must be capable of reliable measurement in monetary terms). Present a clear argument how football players fulfill each of these characteristics, which make them qualify to be reported as assets in the football clubs balance sheets.
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