How should we show in our financial statements this situation?
1) Borrow $300 15% rate with grace period: 1 year for interest and 4 years for principal;
2) Invest $100 in year 1, year 2 and year 3;
3) amortization of investment is 5 year.
I dont understand, when and in what account I should put Investments in year 1..3 and borrowed money…
1) Borrow $300 15% rate with grace period: 1 year for interest and 4 years for principal;
2) Invest $100 in year 1, year 2 and year 3;
3) amortization of investment is 5 year.
I dont understand, when and in what account I should put Investments in year 1..3 and borrowed money…