CPAnet Forum: FAR Partnership (Becker)

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CPAnet Forum : FAR STUDY GROUP

Topic: FAR Partnership (Becker) (

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dandanchaoren
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Joined: 02 Mar 2012
Location: United States
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Posts: 5

Posted: 19 Jul 2012 at 00:05 \| IP Logged

The loan is shown as an Asset for the partnership,
thus money "borrowed" from Smith.

Had it been a liability it would be added together with the
bottom half

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