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Tenex Enterprises Inc.
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Tenex Enterprises Inc.
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Last modified
11/4/2010 4:30:42 PM
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11/4/2010 4:29:48 PM
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<br />TENEX ENTERPRISES, INC. <br />NOTES TO FINANCIAL STATEMENTS <br />FOR THE YEAR ENDED DECEMBER 31,2009 <br /> <br />NOTE G - RELATED PARTY TRANSACTIONS <br /> <br />The Company rents its warehouse/office space from a building that is wholly owned by the <br />sole shareholder of the Company. Rent totaling $43,771 was paid during 2009. <br /> <br />NOTE H- STATEMENT OF CASH FLOW SUPPLEMENTAL DISCLOSURES <br /> <br />Interest paid <br /> <br />$ 14,608 <br /> <br />NOTE I - CONTINGENT LIABILITIES <br /> <br />The Company is a guarantor on equipment financing owned by a subcontractor. The loan has <br />a current balance of approximately $24,000. <br />
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