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Imputed interest

Sandy12
Level 1

 If entity A, which is on cash basis has a million dollar loan from, unrelated entity B does entity A have to accrue interest even though are on cash basis.

What would be if entity A and B are related parties.

Thank you so much.

 

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1 Comment 1
sjrcpa
Level 15

Does the loan have a stated interest rate?

The more I know, the more I don't know.