Missouri § 92.150 - Net profits, how ascertained.
Full text of Missouri Revised Statutes of Missouri § 92.150 — Net profits, how ascertained., with citation guidance and answers to common questions.
§ 92.150. Net profits, how ascertained.
The net profits or earnings of associations, businesses or other activities, and corporations shall be ascertained and determined by deducting the necessary expenses of operation from the gross profits or earnings.
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(Reenacted L. 1953 2d Ex. Sess. p. 14 § 3)
---- end of effective 28 Aug 1953 ----
Frequently Asked Questions About Missouri § 92.150
What does Revised Statutes of Missouri § 92.150 cover?
Section 92.150 ("Net profits, how ascertained.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 92.150?
A common citation format is "Revised Statutes of Missouri § 92.150" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 92.150 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.