qbteachmt
Level 15
02-19-2023
01:32 PM
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"Part bank loan, part contributions by remaining partners. I know to post the loans and contrtibutions on the balance sheet."
If you and I take out loans to buy your brother's shares of Ford, that doesn't affect Ford or their stock. If you and I also kick in some personal cash to make that purchase, that also doesn't affect the entity Ford, or show on their balance sheet.
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Don't yell at us; we're volunteers
Don't yell at us; we're volunteers