Examples of March 31 Balance Sheet in a sentence
The Company has furnished to Medtronic (i) the audited balance sheet of the Company as of December 31, 1997 (the "Balance Sheet"), and the related statements of operations, shareholders' equity, and cash flows of the Company for the year then ended, and (ii) the unaudited balance sheet of the Company as of March 31, 1998 (the "March 31 Balance Sheet"), and the related statements of operations, shareholders' equity, and cash flows for the month then ended.
The true and correct net book value determined in accordance with GAAP consistently applied (except for the change in Schlumberger's accounting for its Multiclient Survey Libraries as set forth on Schedule 4.7 to the Schlumberger Disclosure Letter) of all the Fixed Assets and Inventory of Schlumberger as of March 31, 2000 is set forth in the March 31 Balance Sheet of Schlumberger.
Except as set forth in Schedule 1.8, none of such receivables is subject to counterclaims, set-offs or is in dispute and all of such accounts are good and collectible in the ordinary course of business at the aggregate recorded amounts thereof, subject to the allowance for possible losses shown on such March 31 Balance Sheet.
All accounts receivable reflected on the March 31 Balance Sheet for the Company and not collected at the date hereof, have arisen from bona fide transactions in the ordinary course of the Company's business.
The Closing Balance Sheet will be prepared in accordance with GAAP applied on a basis consistent with the presentation of the March 31 Balance Sheet except with respect to the classification of the TPPI Equipment and except for using estimated costs of completion, change order recoveries and claim recoveries with respect to Rejected Contracts and Completed Contracts and liability estimates with respect to matters set forth in Section 2.04(f) as of March 31, 2000 without further revisions.