(a) An automobile service corporation shall establish and maintain complete and accurate records and accounts covering its transactions and affairs in accordance with generally accepted accounting principles as applied to the business of the corporation.
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Terms Used In Alaska Statutes 21.59.060

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(b) The director may accept an audited financial statement instead of the examination required under Alaska Stat. § 21.06.120.
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