Question: Your client is opening a flower shop. To do so, he forms a C corporation and invests $8,000 of his own savings. He also receives

Your client is opening a flower shop. To do so, he forms a C corporation and invests $8,000 of his own savings. He also receives a $12,000 loan from his parents to assist with startup costs. Which accounts should you record the $12,000 loan from his parents? Is this a correct option ? Other Income

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