Qualifications for an SBA Export Loan closely resemble the requirements for an SBA 7(a) loan with a few variations depended on which SBA Export Loans you apply for. In general, youâll need: A good credit score (above 660 â check your score for free here)
Gas is to demonstrate that existing tax law does not definitively govern, the taxability of accrued interest on convertible bonds where the terms, of conversion do not clearly provide either that interest indebtednes. shall be discharged or that it shall be paid through issuance of stock.
From January 1 to February 1, the company incurs interest expense, but it does not pay it with cash until July 1. Nevertheless, Friends Company has to record the incurred interest expense and accrued liability for the month of January. Interest expense for one month = $120,000 x 5% (semiannual rate) x 1 Ã· 6 = $1,000.