Ohio Admin. Code 901:7-2-08 - Asset valuation
The following assets shall not be included or considered as assets for calculating the net worth and\or in determining if current assets exceed current liabilities of a licensee:
(A) Goodwill;
(B) Customer lists;
(C) Non-competition clauses;
or
(D) Trade names.
;
(E) Receivables other than trade receivables
arising in the ordinary course of the handlers business due from any director,
officer, manager, or employee of the
handler.
;
(F)
Receivables due from any related party or business of the handler.
; or
(G) Accounts receivables that are past due
over one hundred eighty days. A schedule must be provided with the annual
financial statement filing.
Notes
Promulgated Under: 119.03
Statutory Authority: 926.02
Rule Amplifies: 926.10
Prior Effective Dates: 02/19/2008
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