In addition, the court found that the only economic outlay was the original loans between the corporations, as "the subsequent transactions could be viewed as merely a series of offsetting entries
among bank accounts.
Includes credit repayments, retirement of existing loans with proceeds from rescheduling, and offsetting entries related to debt forgiveness (principal only).
Offsetting entries consist of ODA loan repayments from recipient countries, liquidation of existing loan balances with new credits from rescheduling agreements, and entries for loan forgiveness.
Offsetting entries include principal repayments on OOF loans and the retirement of outstanding loans under rescheduling agreements.
User-defined allocations and automatic predefined offsetting entries
also keep various funds in balance.
As these are offsetting entries
within stockholders' equity, the total amount of stockholders' equity for a particular period will not change.
Offsetting entries for nonresident taxes withheld are made in the unilateral transfers account.
Offsetting entries for taxes withheld are made in the unilateral transfers account.
Due to the offsetting entries
, shareholders' equity is unaffected.