Outline should account for children as an asset

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Reference no: EM132788179

Accountant's note

Santa Claus is not coming to town this year due to the quarantine. Therefore, parents should buy children's Christmas gifts out of their own pockets on this Christmas.

Our children are our most valuable assets. They are our future leaders. What we feed them today, shapes our tomorrow. On the other hand, once you have a child it is a twenty-year project. That is if they do well, if they do not do well it is a lifelong project.

problem 1: Outline whether we should account for our children as an asset or liability from accountant's perspective.

Reference no: EM132788179

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