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Yes, that's fine ... an excellent way to keep track on outside basis for purposes of any future ability to take a loss
I still don't see you coming into the chat. ... I'll move us to the "Question and Answer" mode Maybe that will help (We can still continue a dialogue there, just not in real-time as we can here) Let me know if you have further questions
Thank you very much. I am just starting out in the field and my boss felt very uncomfortable with my preparation of the schedules. I was almost positive that is what I learned in college for the appropriate way to show it, but in his mind negative SHE does not exist.
I see it as hey they're over-leveraged, there is no equity.