In other words, an adjustment to the capital accounts
is warranted to "true up" the partners' capital accounts
just prior to the change in economics by allocating to the partners any unrealized income, gain, loss, or deduction inherent in the partnership property that previously has not been reflected in the partners' capital accounts
, based on their existing economic agreement.
Historical Description of Capital Account
Policy in South Korea
China is moving with caution with regard to opening capital accounts
, for fear that it might jeopardise internal financial security.
Each time OP interests are converted to REIT shares an additional income allocation layer is created by the revaluation of the REIT assets and capital accounts
based on the share price at the time of conversion.
Nevertheless, a big advantage for China is that Hong Kong provides an effective platform for launching these measures in an experimental manner without full capital account
But it maintains tight restrictions on the capital account
, particular on debt and portfolio investment, worried that freeing up the yuan too quickly could leave the economy vulnerable to rapid movements in capital in and out of the country.
Countries with convertible currencies under their capital account
let their currencies trade with few restrictions for investment purposes.
Subbarao s comments were in line with those of other Indian policymakers who have repeatedly said the capital account
must be opened up only gradually.
Any successful solution will hinge on whether or not current holders of depleted capital accounts
can legally retain some form of rights to any future earnings on corporates' 'legacy assets'", Matz said.
As a result, even payments that are clearly capital in nature and generally treated as on capital account
under current law would default to income account treatment.
The parties did not properly maintain capital accounts
Putting aside errors and omissions in the data, the capital account
surplus is necessarily equal to the current account deficit.