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The American Heritage Dictionary of Business Terms » statement of affairs
statement of affairs
statement of affairs definition - business
statement of affairs
A financial statement of an organization's assets according to realizable values and liabilities according to priority of claim. A statement of affairs is prepared for organizations in or contemplating bankruptcy.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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statement of affairs definition - finance
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