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For financial statement purposes, what are the capital assets of the condominium corporation and do they have to be recorded in the financial statements?

April 26, 2017assets Capital condominium corporation financial statement financial statements purposes recorded

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For financial statement purposes, what are the capital assets of the condominium corporation and do they have to be recorded in the financial statements?

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The Emerging Issues Committee of the Canadian Institute of Chartered Accountants on July 16, 1999 issued EIC-95 which deals with the accounting for capital assets of condominium corporations.