Golfer2016
Level 2
05-03-2020
05:10 PM
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Thank you. No, it is an equity. Line 23 of Schedule L.
If I can just return the capital (which is now in additional paid in capital), as opposed to making a distribution, Retained earnings don't go negative. There is just one shareholder so it may not matter as you point out "equity account" is an "equity account"