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Accounting. Audit and Tax
 CPAnet Forum : Accounting. Audit and Tax
Subject Topic: Real estate accounting (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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Hmoy
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Joined: 04 Mar 2010
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Posted: 04 Mar 2010 at 13:02 | IP Logged  
Can I state either a real estate investment or investment in an LLC that invested in real estate at fair value in the balance sheet?  The other side of the entry would be unrealized gain in the equity section of the balance sheet.  Is that acceptable by U.S. GAAP?
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