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tigerpac

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tigerpac

Re: amank7 post# 50673

Tuesday, 01/15/2019 6:23:57 PM

Tuesday, January 15, 2019 6:23:57 PM

Post# of 58279
It's on the Balance Sheet. You have to remember that land is booked at LOWER of cost or market. In this case, Land under development, the cost was $500K.


Out of curiosity, does anyone know why is the Cielo Mar land not on the current balance sheet? They're looking to get a $5 million loan and use that land as collateral. Should be listed as property shouldn't it?


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