Oct 11, 2017
12:22:22pm
12:22:22pm
All transactions happened within the same month?
That's why it may not impact the balance sheet. Technically, there should be some imputed interest expense accounted for. You'll be able to see the activity more cleanly within a statement of cash flows, depending on the level of detail.
If the loan and paying it back crossed over a month-end, it should definitely be a liability showing up on their balance sheet as of that month end.
If the loan and paying it back crossed over a month-end, it should definitely be a liability showing up on their balance sheet as of that month end.
Originally posted on Oct 11, 2017 at 12:22:22pm
Message modified by BlackBart on Oct 11, 2017 at 12:22:45pm
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