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6 Causes of Extraordinary Gains and Losses in Business

Many businesses report unusual, extraordinary gains and losses in addition to their usual revenue, income and, expenses. Recording a gain increases an asset or decreases a liability, while recording a loss decreases an asset or increases a liability. When a business has recorded an extraordinary gain or loss during the period, its income statement is [...]

By |2016-05-17T18:08:18-07:00May 17th, 2016|cpa, cpa blog|0 Comments

Weighing the Pros and Cons Of Holding Foreign Real Estate – It’s Not For Everybody

If you have ever thought of owning foreign real estate, but have doubts of its merits, this post is going to outline some of the primary benefits that ownership of offshore real estate entails. It will also shed some light on the common pitfalls that Americans may encounter when acquiring offshore real estate. Whether foreign [...]

3 Stages of a Real Estate Development Project and Accounting Implications

Accounting for real estate development projects under generally accepted accounting principles (GAAP) demands knowledge of regulatory requirements from various accounting bodies; bodies like the Accounting Principles Board, Emerging Issues Task Force, Financial Accounting Standards Board, and American Institute of Certified Public Accountants (AICPA), to name a few. The costs accrued with the development of a [...]

By |2019-06-27T13:11:39-07:00May 18th, 2015|cpa, cpa blog, real estate cpa|0 Comments
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