Section .1100 - Capital Stock: Surplus and Undivided Profits Base | Midpage

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North Carolina Administrative Code

§ 1100

Section .1100 - Capital Stock: Surplus and Undivided Profits Base

.1101Based on the Year Ending Balance Sheet .1102Surplus Defined .1103Items Includable and Excludable .1104Exclusion of Retained Earnings by Parent Corporation .1105Investment in Subsidiary .1106Borrowed Capital Treatment: Debtor Corporation .1107Borrowed Capital Treatment: Creditor Corporation .1108Exclusion Provision Limited to Indebtedness Owed .1109Equity Capital Not Deductible .1110Reciprocal Indebtedness Between Affiliates .1111Indebtedness Defined .1112Borrowed Capital Defined .1113Deduction for Qualified Recycling Facilities .1114Holding Companies .1115Cash Basis Corporations