Indiana Code 36-1-9.5-42. Valuation of stocks and bonds; useful equipment
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Sec. 42. An applicant must list the book value and the market value for stocks and bonds. An entity may not consider stocks and bonds as working capital unless market value, as determined or verified by the accountant, is given. Stocks and bonds shall be valued at the lesser of the book value or market. However, stocks or bonds listed on the New York Stock Exchange, American Stock Exchange, or over-the-counter on the National Association of Securities Dealers Automated Quotations list shall be valued at the market value. The value of useful equipment may be:
(2) determined by the application of uniform depreciation schedules.
(1) the book value listed; or
Terms Used In Indiana Code 36-1-9.5-42
- applicant: means a contractor or the subcontractor who seeks to do business with an entity. See Indiana Code 36-1-9.5-3
- application: means the act of filing a statement with an entity to request qualification to perform work. See Indiana Code 36-1-9.5-4
- entity: means the following:
Indiana Code 36-1-9.5-11
- Verified: when applied to pleadings, means supported by oath or affirmation in writing. See Indiana Code 1-1-4-5
As added by P.L.85-1991, SEC.3.