Definition of Entity Assets

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TeachMeFinance.com - explain Entity Assets



Entity Assets

The term 'Entity Assets ' as it applies to the area of Medicare in the United States can be defined as ' Assets which the reporting entity has authority to use in its operations (i.e., management has the authority to decide how funds are used, or management is legally obligated to use funds to meet entity obligations)'.

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About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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