ACCOUNTING FOR REAL ESTATE TRANSACTIONS A GUIDE FOR PUBLIC ACCOUNTANTS AND CORPORATE FINANCIAL PROFESSIONALS MARIA K. DAVIS JOHN WILEY & SONS, INC. ffirs.indd iii 3/6/08 10:04:34 PM ffirs.indd vi 3/6/08 10:04:34 PM ACCOUNTING FOR REAL ESTATE TRANSACTIONS ffirs.indd i 3/6/08 10:04:32 PM BECOME A SUBSCRIBER! Did you purchase this product from a bookstore? If you did, it’s important for you to become a subscriber. John Wiley & Sons, Inc. may publish, on a periodic basis, supplements and new editions to reflect the latest changes in the subject matter that you need to know in order to stay competitive in this ever-changing industry. By contacting the Wiley office nearest you, you’ll receive any current update at no additional charge. In addition, you’ll receive future updates and revised or related volumes on a 30-day examination review. If you purchased this product directly from John Wiley & Sons, Inc., we have already recorded your subscription for this update service. To become a subscriber, please call 1-877-762-2974 or send your name, company name (if applicable), address, and the title of the product to: mailing address: Supplement Department John Wiley & Sons, Inc. One Wiley Drive Somerset, NJ 08875 e-mail: fax: online:
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[email protected] 3/6/08 10:04:33 PM ACCOUNTING FOR REAL ESTATE TRANSACTIONS A GUIDE FOR PUBLIC ACCOUNTANTS AND CORPORATE FINANCIAL PROFESSIONALS MARIA K. DAVIS JOHN WILEY & SONS, INC. ffirs.indd iii 3/6/08 10:04:34 PM Portions of various FASB documents, copyright by the Financial Accounting Standards Board, 401 Merritt 7, PO Box 5116, Norwalk, CT 06856-5116, are reproduced with permission. Complete copies of those documents are available from the FASB. Portions of various AICPA documents are reprinted with permission. Copyright 2008 by the American Institute of Certified Public Accountants, Inc. All rights reserved. Portions of this book have their origin in copyrighted materials from the International Accounting Standards Board. These are noted by reference to the specific pronouncements. Complete copies of the international standards are available from the IASB. Copyright © International Accountin