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    5 Replies Latest reply on Sep 29, 2008 10:20 AM by GrowthCurve

    Question on promissory note

    Newbie
      Hi,

      We're in the process of raising capital for purchasing an existing profitable child care business. We'd like to issue company notes. My question is are the payments (interest and principal) on the loan considered general expenses? In other words, when we're doing our balance sheets, the ammortization payments are entered as an expense.

      Thanks.