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posted Jun 4, 2019 7:44:22 PM

My LLC is set up in order to invest in another LLC. Should I record an asset at year end for my investment in that other LLC? If so, how much is the amount of my asset?

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1 Replies
Level 13
Jun 4, 2019 7:44:23 PM

Yes.  Your investment figure is what you contributed to that LLC.

The entry would be:

Dr. Investment in LLC

Cr. Cash