Board of Investments, Department of Commerce, Financial Audit for the Fiscal Year Ended June 30 .. 1995
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In our eReader you can find the full English version of the book. Read Board of Investments, Department of Commerce, Financial Audit for the Fiscal Year Ended June 30 .. 1995 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Board of Investments, Department of Commerce, Financial Audit for the Fiscal Year Ended June 30 .. 1995
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Investments Montcomp investments are purchased in accordance vnth the statutorily mandated "Prudent Expert Principle". The Montcomp portfolio consists of common stock. Common stock represents ownership units (shares) of a public corporation. Common stock owners are entitled to vote on director selection and other important matters as well as receive dividends on their holdings.
Investments are presented in the statement of Net Asset Value at current va...lue.
Investments in securities traded on a national security exchange are stated at the last reported sales price on valuation day, while securities traded in the over-the-counter market are stated at the last quoted bid price. Original cost, parenthetically disclosed, reflects the security purchase price plus a fixed commission.
Montcomp's investment in the Short Term Investment Pool (STEP) increased from $14.8 million on June 30, 1994, to $76.5 million on June 30, 1995, due to an investment decision not to buy into a stock market perceived to be fully priced.
What to read after Board of Investments, Department of Commerce, Financial Audit for the Fiscal Year Ended June 30 .. 1995?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Legislative Audit Division to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Investments Montcomp investments are purchased in accordance vnth the statutorily mandated "Prudent Expert Principle". The Montcomp portfolio consists of common stock. Common stock represents ownership units (shares) of a public corporation. Common stock owners are entitled to vote on director selection and other important matters as well as receive dividends on their holdings.
Investments are presented in the statement of Net Asset Value at current va...lue.
Investments in securities traded on a national security exchange are stated at the last reported sales price on valuation day, while securities traded in the over-the-counter market are stated at the last quoted bid price. Original cost, parenthetically disclosed, reflects the security purchase price plus a fixed commission.
Montcomp's investment in the Short Term Investment Pool (STEP) increased from $14.8 million on June 30, 1994, to $76.5 million on June 30, 1995, due to an investment decision not to buy into a stock market perceived to be fully priced.
What to read after Board of Investments, Department of Commerce, Financial Audit for the Fiscal Year Ended June 30 .. 1995?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Legislative Audit Division to read onlineMoreLess
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