TREASURER Definition

TREASURER is the officer appointed to administer or manage the financial assets and liabilities of a society, company, local authority, or other body.

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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.

FORM 1120 is the income tax return form used by corporations in the U.S.

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