If a company takes out collateral debt the paid in tax’s on the collateral cancels the tax debt on the loan until payment and the tax credit is returned with the collateral. If borrowed money is paid by the use of raised money through the selling and trading of treasury stock only the positive generated revenue is taxable. The loan it self is regarded as a cost so it’s tax debt minus the tax credit on capital surplus is deducted. This action can result in a tax credit or debt pending on the trading outcome performed. All administration costs for the trades are expenses as well and will be deducted from the gross revenue generated.
Assets =(gross receivables - ( tax debt+ all expenses associated with dispense and mark ups) The later is not a liability but a payable out of banked tax credits earned that is held in trust and sold to the common share holder.
Receivables = all assets not yet depreciated to the par value of there associated tax credit value or residual value.
Company credit ie: liability can over come the recievables that will demonstrate a negative cash balance in the bank account that is indicated by a negative cash flow situation in the cash flow statement from the balance sheet.
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