renaud development corporation rdc is a real estate development company that is 60 owned by bertrand renaud rdc has three shareholders 1 bertrand

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Outline the accounting policies that would seem to best serve the reporting objectives of RDC, assuming that the new share issue is to occur. Your recommendations should include (but not be limited to) recognition of the revenues for each division, treatment of costs (including development costs and interest), and valuation of properties under development and after development. You also should advise Mr. Renaud as to whether RDC should follow international accounting standards from now on.

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