Closing of the Books Method

Example Definitions of "Closing of the Books Method"
Closing of the Books Method. Means the apportionment of items between portions of a Tax Period based on a closing of the books and records on the Distribution Date (as if the Distribution Date was the end of such Tax Period); provided that any items not susceptible to such apportionment shall be apportioned on the basis of elapsed days during the relevant portion of the Tax Period.
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