Real Estate Admitted Asset?
Is real estate an admitted asset? I see that it isn't a liquid asset for the IRIS 9 ratio, so just curious if it's admitted? Based on an excerpt in Odomirok.6-7-BS wiki it sounds like it is, but want to clarify.
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Is real estate an admitted asset? I see that it isn't a liquid asset for the IRIS 9 ratio, so just curious if it's admitted? Based on an excerpt in Odomirok.6-7-BS wiki it sounds like it is, but want to clarify.
Comments
Real estate is usually recognized as an asset on financial statements unless there are special circumstances that prevent it from meeting the criteria for recognition as an asset.
To be recognized as an asset, the real estate must provide economic benefits to the entity that controls it and the cost or value of the real estate can be reliably measured.