Guam Code > Title 18 > Chapter 14 – Publication of Financial Information by Nonprofit Organizations
Current as of: 2023 | Check for updates
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Other versions
| § 14101 | Purpose of Chapter |
| § 14102 | Filing of Annual Reports |
| § 14103 | Administration by Department of Revenue & Taxation |
Terms Used In Guam Code > Title 18 > Chapter 14 - Publication of Financial Information by Nonprofit Organizations
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.