Imputed interest
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.
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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