Ind. Code § 14-34-7-1
Current through P.L. 171-2024
As used in this chapter, "liabilities" means obligations to transfer assets or provide services to other entities in the future as a result of past transactions. The term does not include amounts that are required to be recorded for financial accounting purposes under Statement of Financial Accounting Standards number 106 issued by the Financial Accounting Standards Board and effective December 1990.
IC 14-34-7-1
Pre-1995 Recodification Citation: 13-4.1-6.3-5.