Current Balance Sheet definition
Examples of Current Balance Sheet in a sentence
The value of the inventories reflected on the Company Current Balance Sheet contained in the Company Financial Statements are net of adequate reserves for damaged, excess, and unusable items.
To the best of its knowledge, the Company does not have any liabilities or obligations of any nature, whether accrued, absolute, contingent or otherwise, asserted or unasserted except for liabilities or obligations reflected or reserved against in the Company's Current Balance Sheet.
There are no material special or non-recurring items of income or expense during the periods covered by the Financial Statements, and the Current Balance Sheet does not reflect any write-up or revaluation increasing the book value of any assets, except as specifically disclosed in the notes thereto.
All reserves that are set forth in or reflected in the Current Balance Sheet have been established in accordance with GAAP consistently applied.
All inventory of the Company and its Subsidiaries, whether reflected on the Current Balance Sheet or otherwise, consists of a quality and quantity usable or salable in the Ordinary Course of Business, subject to the reserves set forth on the Current Balance Sheet and subject to normal rates of defect or obsolescence not inconsistent with the Company's historical experience.