Intuit Financial Community: S 1 , Balance Sheet, how are shares recorded, Book value or Market Value? - Intuit Financial Community

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S 1 , Balance Sheet, how are shares recorded, Book value or Market Value?

#1 User is offline   cdmckay Icon

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Posted 30 March 2010 - 08:54 PM

When entering shares on a S1 - Bance Sheet, how are they normally recorded. In the assets, are they recorded as book or market value?
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#2 User is offline   JohnNP Icon

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Posted 30 March 2010 - 09:01 PM

View Postcdmckay, on 30 March 2010 - 12:54 PM, said:

When entering shares on a S1 - Bance Sheet, how are they normally recorded. In the assets, are they recorded as book or market value?


sorry, have no idea what you are talking about -
- s1 is not a bs, nor are shares an asset, so you seem to have some significant problems


the corporation has to have its accountant prepare proper financial statements before any tax returns can possibly be contemplated
(the accountant will not file a t2 without the financial statements, so recommend you forward the data to the accountant first - there is probably a lot of accounting work to do first)
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