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RESOLUTION OF THE TOWNSHIP COUNCIL OF THE TOWNSHIP OF MOUNT OLIVE APPROVING A VENDOR SERVICE CONTRACT ON A UNFAIR AND OPEN BASIS PURSUANT TO THE AUTOPLAY LAW (GE Capital) REVISED WHEREAS, the Township
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Nonfair and open basis refers to a financial reporting method used to disclose financial information accurately and transparently.
Companies and organizations are required to file nonfair and open basis financial reports.
Nonfair and open basis reports are typically filled out by accounting professionals and auditors using standardized financial reporting forms.
The purpose of nonfair and open basis is to provide stakeholders with accurate and transparent financial information about an organization's financial health and performance.
Information such as income statements, balance sheets, cash flow statements, and footnotes are typically reported on nonfair and open basis.
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