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Rouse pioneers more realistic numbers.
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The article discusses the application of the current-value financial statements in the U.S. in 1976. It emphasizes that Rouse Co., a real estate developer in Maryland has become the first company to issue a balance sheet in which current value of its properties are laid compared to the traditional presentation of the financial statements of a company. It also compares the huge difference of the effects between historical and current cost of the company's future.
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