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Business investment for new business

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#1
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20-May-2022 2:46pm
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My client is an S corp. The S corp paid about 8K in start up capital to invest in a new business venture. How is this recorded on the S corp balance sheet? What type of asset is this?
 

#2
NYCCPA  
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23-Apr-2021 5:11pm
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Is the new business an activity that is part of the existing S Corp, or is it an $8k investment in an outside entity? If the latter, Investment in Company X. Other Asset.
 


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