Indiana Code 27-16-2-16. “Working capital”
Current as of: 2024 | Check for updates
|
Other versions
Sec. 16. “Working capital” means the difference between a person’s:
(2) current liabilities;
(1) current assets; and
Terms Used In Indiana Code 27-16-2-16
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
determined in accordance with generally accepted accounting principles.
As added by P.L.11-2011, SEC.40.