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Re: grawsha post# 52639

Friday, 04/01/2011 3:43:21 PM

Friday, April 01, 2011 3:43:21 PM

Post# of 83075
Good for him if that is true however a Loan to us is still a Liability even if it is interest free and needs to be recorded as such.

Principle payments are paid against assets that retain value.

Liabilities are just debt that needs to be repaid but they certainly are not Revenues.

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