My Account
Report problem with this ad
Start a related thread
Start a related poll
Reply via Boardmail
Dec 18, 2014
4:33
:09
pm
OU Cougar
company a and b are family owned companies
A produces widgets. B loans A money and B then takes payment in widgets, which they sell. A reports no income, but rather loan repayments.
Is that all cool?
Start a related thread
Start a related poll
Reply via Boardmail
Report problem with this ad
OU Cougar
Previous username
BYU on the way
Bio page
OU Cougar
Joined
Oct 22, 2002
Last login
Jun 21, 2024
Total posts
42,235 (341 FO)
Report problem with this ad
Messages
Author
Time
company a and b are family owned companies
OU Cougar
12/18/14 4:33pm
Sure, if A can quantify actual cost of producing said widgets.
PhilPete
12/18/14 4:35pm
There would be a challenge making the bottom line zero. If the loan is paid
PhilPete
12/18/14 5:04pm
what do you mean?
bluebloodedcoug
12/18/14 4:36pm
Cool?
Cougrrrs Roll
12/18/14 4:39pm
No, paying back a loan is not an expense, it's changing your capital structure
longlivelehman
12/18/14 4:48pm
Yup. The transfer of the widgets (inventory) for value (debt reduction) will be
Mikey
12/18/14 4:55pm
Report problem with this ad
Posting on CougarBoard
In order to post, you will need to either
sign up
or
log in
.
Report problem with this ad