susiet
Level 2
05-04-2022
11:26 AM
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i need to reduce the equity , is it ok to lower the additional paid in capital? or is it not ok because is acts same as capital stock?
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sjrcpa
Level 15
05-04-2022
11:31 AM
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Unless there has been a stock redemption/purchase of Treasury stock, the capital stock and additional paid in capital accounts remain the same.
Why do you "need to reduce the equity" ?
The more I know the more I don’t know.
susiet
Level 2
05-04-2022
03:23 PM
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they took too much money. the liability/equity is lower than the asset and i need to balance between the asset and liability/equity
