Laserfiche WebLink
HEHETT-KIER CONSTRUCTION, INC. <br /> NOTES TO FINANCIAL STATEMENTS <br /> FOR THE YEAR ENDED DECEMBER 31, 1997 <br /> NOTE 8. CREDIT RISK AND FAIR VALUE OF FINANCIAL INSTRUMENTS <br /> Credit Risk <br /> The Company performs its contracts for federal, state, and local <br /> governmental agencies throughout Florida. In the normal course of <br /> business, the Company extends unsecured credit to these customers. There <br /> have been no significant losses from uncollectible contract balances . <br /> Fair Value of Financial Instruments <br /> The carrying amounts of cash and cash equivalents, investments, receivables <br /> and accounts payable approximate fair values due to the short-term <br /> maturities of these instruments. <br /> - 9 - <br />