Montana State Lottery Audited Financial Statements 1993
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In our eReader you can find the full English version of the book. Read Montana State Lottery Audited Financial Statements 1993 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 Montana State Lottery Audited Financial Statements 1993
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The contract provides for payments to be based on a percentage of weekly sales.
Note 7: Prize Contingencies - Big Spin Jackpot - Certain Big Spin prizes awarded are payable to the winners in annual installments of 17 to 20 years, with the first payment being made by the Lottery. The Lottery has entered into agreements with an insurance company under which purchased annuities will provide payments corresponding to the Lottery's obligation to these prize winners. Because it is the intent of the L...ottery that the insurance company will make future installment payments directly to each prize winner, neither the present value of the annuities nor the present value of future payments are reflected in the accompanying financial statements. The Lottery would be liable for such future payments in the amount of $3,484,559 if the insurance company was to default on their payments.
13- Note 8: Multi-State Lottery Receivable - As a member of the Multi-State Lottery Association (MUSL) and the Lotto*America/- Powerball game, the Lottery is required to contribute to a prize reserve fund maintained by MUSL.
What to read after Montana State Lottery Audited Financial Statements 1993?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The contract provides for payments to be based on a percentage of weekly sales.
Note 7: Prize Contingencies - Big Spin Jackpot - Certain Big Spin prizes awarded are payable to the winners in annual installments of 17 to 20 years, with the first payment being made by the Lottery. The Lottery has entered into agreements with an insurance company under which purchased annuities will provide payments corresponding to the Lottery's obligation to these prize winners. Because it is the intent of the L...ottery that the insurance company will make future installment payments directly to each prize winner, neither the present value of the annuities nor the present value of future payments are reflected in the accompanying financial statements. The Lottery would be liable for such future payments in the amount of $3,484,559 if the insurance company was to default on their payments.
13- Note 8: Multi-State Lottery Receivable - As a member of the Multi-State Lottery Association (MUSL) and the Lotto*America/- Powerball game, the Lottery is required to contribute to a prize reserve fund maintained by MUSL.
What to read after Montana State Lottery Audited Financial Statements 1993?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
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