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Tel: (612) 246-4616
Tel: (612) 246-4616
DOLLARIZATION is the use of U.S. dollars by a country as its own currency; the linking of a currency's value to that of the U.S. dollar; or, the use of the U.S. dollar for accounting purposes.
SHAREHOLDER LOANS include any loans between a corporation and any of its shareholders. Loans from shareholders are normally carried as long-term debt, but the reality is such loans should be counted as equity (they are not) because they rarely are paid back to the shareholder.
CURRENT MATURITIES-L/T/D is that portion of long term obligations which is due within the next fiscal year.
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