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Ohio Administrative Code (Last Updated: January 12, 2021) |
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901:7 Grain Warehouses |
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Chapter901:7-2. Licensed Agricultural Commodities Handlers |
901:7-2-08. Asset valuation
Latest version.
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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. .
(G) Accounts receivables that are past due over one hundred eighty days. A schedule must be provided with the annual financial statement filing