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After the work sheet is complete,the consolidated amount for each account represents the total asset,liability,and equity amounts controlled by the parent corporation.
Model Nonprofit Corporation Act
A guideline for the governance of nonprofit organizations, providing a standard legal framework for their formation and operation.
Nonprofit Corporation
An entity designed to operate without the objective of making profits for its owners or members, often focused on serving the community or public interest.
Minimum Number
The smallest quantity or amount permitted or required under certain conditions or for a specific process.
Corporation by Estoppel
A legal doctrine that prevents a party from denying the corporation's existence for the purposes of a transaction if they have acted as if the corporation existed.
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