Financial Modeling
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I am evaluating a company and come across a disclosure on its financial report stating that there is, say, XYZ amount of capital commitment for building construction not included in the financial statements. So my question is should we capitalize that capital commitment on the balance sheet by adding (debit) the XYZ amount to the current PP&E and create a liability account, say, Capital Commitment by crediting the same XYZ amount ? Many thanks. Read More