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\”Knowledge is of n o value unless you p u t it into p RAC tic e\” A non Ch Goodyear 1 1KNOWLEDGE Organizer E D IT IO N 1 20242025Name:1Kofi Anna Nobel Peace Prize laureate, Former SecretaryGeneral
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'Of n o value' refers to items or assets that hold no significant financial value, often used for reporting purposes.
Typically, individuals and businesses that hold or have disposed of items that are classified as 'of n o value' are required to report this information.
To fill out 'of n o value', one should provide a description of the items, the reason for their classification, and any relevant documentation as required by the filing entity.
The purpose is to provide transparency in reporting assets and to clarify that certain items do not contribute to financial valuation.
Information that must be reported includes the description of the items, the quantity, and the rationale for their classification as having no value.
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