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Liability, including contractual liability, really ethically SHOULD show up among 'debts' (which are just monetary liability). Maybe accounting laws are too fo
by mjevans 3y ago
Liability, including contractual liability, really ethically SHOULD show up among 'debts' (which are just monetary liability). Maybe accounting laws are too focused on money and not enough on value.
- smsm42 3y agoWell, if somebody ever reads properly made audited balance sheet of the city, it probably would be mentioned somewhere is there. But since it's not a classical debt, most casual observers wouldn't even realize it exists.