Statutes > Alaska Statutes > Title 10 - CORPORATIONS AND ASSOCIATIONS > Chapter 10.15. - ALASKA COOPERATIVE CORPORATION ACT > Article 01 - SUBSTANTIVE PROVISIONS > Sec. 10.15.290. - Determination of net proceeds, savings, or losses.

Sec. 10.15.290. - Determination of net proceeds, savings, or losses.

For the purposes of AS 10.15.275 - 10.15.290 net proceeds or savings or net losses shall be computed in accordance with generally accepted accounting principles applicable to cooperative corporations, and after deducting from gross proceeds or savings dividends paid upon capital stock.