Following a judgment determining the status of shareholder loans, the parties sought guidance on four specific accounting items.
The court held that franchise fees paid by the applicants were a corporate expense and should be credited to their shareholder loans.
However, claims for reimbursement of merchandise expenses, unpaid monthly amounts to one shareholder, and a balance on a loan from a shareholder's mother were dismissed due to lack of authority, insufficient evidence, and failure to plead the claims.
