reservesForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › reservesThis topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts November 24, 2016 at 5:48 pm #351231 firelion28MemberTopics: 159Replies: 83☆☆☆hi mike, i am confused by what we mean by net assets fall to half or less than its called up capital and undistributable reserves! how is that possibleand what is a statement of intent?thanks in advance November 24, 2016 at 8:34 pm #351272 MikeLittleKeymasterTopics: 27Replies: 23327☆☆☆☆☆It’s possible when a company is making HEAVY losses and has an accumulated deficit in Retained earnings‘Statement of intent’?Give me the contextAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In