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Closing a corporation
I have two corporations.
Corporation A and Corporation B Corporation A is 100% owner of Corporation B. Common shares of 100 shares @ $1.00 each. We are closing Corporation B. After clearing the balance sheet. We are left with Capital stock of $100.00 and Retained Earnings loss of ($25,000.00). How do I close out off the Shareholders equity of a lost of ($24,900.00)in Corporation B. |
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