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Loans To Shareholders

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S

SLVR

Junior Member
What is the name of your state? WASH.
IF THERE ARE NO ENTRIES IN THE COMPANY BOOKS ABOUT LOANS TO SHAREHOLDERS WHY WOULD AN ACCOUNTANT SHOW LOANS TO SHAREHOLDER ON THE CORPORATE BALANCE SHEET ON AN 1120 S CORP FORM AND ON THE K1 OF THE SHAREHOLDER?
 


LdiJ

LdiJ

Senior Member
SLVR said:
What is the name of your state? WASH.
IF THERE ARE NO ENTRIES IN THE COMPANY BOOKS ABOUT LOANS TO SHAREHOLDERS WHY WOULD AN ACCOUNTANT SHOW LOANS TO SHAREHOLDER ON THE CORPORATE BALANCE SHEET ON AN 1120 S CORP FORM AND ON THE K1 OF THE SHAREHOLDER?
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You would need to ask that question to the accountant.
 
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