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Level 1
March 3, 2023
Question

Imputed interest

  • March 3, 2023
  • 1 reply
  • 9 views

 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 reply

sjrcpa
Level 15
March 3, 2023

Does the loan have a stated interest rate?

The more I know the more I don’t know.