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Village of LakewoodVILLAGE BOARD MEETING AGENDA Tuesday, December 8, 2020 7 p.m. The Village President has determined that an unperson meeting is not practical or prudent due to the Governors Executive

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What is practical or prudent due?

Practical or prudent due is a financial reporting requirement where an entity must assess the value of its assets and liabilities based on realistic assumptions.

Who is required to file practical or prudent due?

Entities such as companies and organizations are required to file practical or prudent due.

How to fill out practical or prudent due?

Practical or prudent due can be filled out by assessing the current market value of assets and liabilities and making realistic assumptions about their future value.

What is the purpose of practical or prudent due?

The purpose of practical or prudent due is to provide stakeholders with a more accurate picture of an entity's financial position.

What information must be reported on practical or prudent due?

Information such as the current market value of assets, liabilities, and realistic assumptions about their future value must be reported on practical or prudent due.

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