sjrcpa
Level 15
05-04-2020
11:10 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If they intended to be repaid, it should have been entered as a loan and appropriate loan documents, with adequate stated interest should have been drawn up.
Entering as additional paid in capital implies it was in fact, a capital contribution (equity).
The more I know the more I don’t know.