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other explanations were provided in PK Ventures’ financial
statements for 1986 as to the amounts that it transferred to
PKVI LP during that year.
No direct references were made and no explanations were
provided in PK Ventures’ income tax return for 1986 as to the
amounts that it transferred to PKVI LP during that year. There
were no amounts separately identified as interest payments
received and/or imputed by PK Ventures from PKVI LP on
PK Ventures’ income tax return for 1986.
b. 1987
No direct references were made and no explanations were
provided in PKVI LP’s financial statements for 1987 as to the
amounts that PKVI LP received from PK Ventures, TBPC, or TPTC
during that year. On the Balance Sheet included in PKVI LP’s
audited financial statements for the year ended December 31,
1987, $48,300 “Due to affiliated company” was listed as a current
liability.
No direct references were made and no explanations were
provided in PKVI LP’s Form 1065 for 1987 as to the amounts that
PKVI LP received from PK Ventures, TBPC, or TPTC during that
year. On the Schedule L attached to PKVI LP’s Form 1065 for
1987, $48,300 was listed under “Other liabilities” as of the end
of that year. There were no amounts separately identified as
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