BALANCE SHEET ITEMS AS THE PRESENT VALUE OF FUTURE CASH FLOWS
构建了将资产视为未来服务潜力或未来现金流的资产负债表，所有项目均为未来现金流的现值，并基于完全未来信息或仅基于过去流量的知识进行编制，记录资本利得或损失。
This paper develops balance sheets assuming that assets are future service potentials, or future cash flows. All balance sheet items are the present (discounted) values of future cash flows. All future flows, whether receipts or payments, including transactions with shareholders, are accounted for on the balance sheet. Balance sheets are constructed on the basis of (1) full knowledge of the future, and (2) knowledge only of past flows, assuming that investment projects have zero net present value. Capital gains (losses) are recorded when events demonstrate that projects have positive (negative) net present value.