Balance Sheet Shares

by Connie

Balance Sheet Shares

Balance Sheet Shares

When preparing a balance sheet and you have public shares to add to your assets, do you list them by the book value or the market value at your year end?

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Jun 07, 2010
by: Bookkeeping Essentials, Canada

Hi Connie,

Right now Canadian GAAP is in a state of change. Effective January 1, 2011, if you are a small business, you will have the choice of following ASPE or IFRS standards. Both will be considered Canadian GAAP.

I have commented on some of the changes throughout my website. Publicly traded stock will be treated differently than existing GAAP. ASPE for Temporary Investments can be found at

You can also find information on which standard you should choose to follow at At the very end of this page, you find other references if you need to dig deeper and/or want more information.

Hope this helps.

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