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Note 1 - Organization and Summary of Significant Accounting Policies: Principles of Consolidation (Policies)
3 Months Ended
Mar. 31, 2014
Policies  
Principles of Consolidation

Principles of Consolidation

 

The financial statements for 2013 were consolidated as they included the accounts of Real Estate Associates Limited VII and its majority-owned general partnership Real Estate Associates IV (“REA IV”). Losses in excess of the minority investment that would otherwise be attributed to the minority interest were allocated to the Partnership.