reserves

This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.

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November 24, 2016 at 5:48 pm #351231
firelion28
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- Topics: 159
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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 possible

and what is a statement of intent?

thanks in advance
November 24, 2016 at 8:34 pm #351272
MikeLittle
Keymaster
- Topics: 27
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It’s possible when a company is making HEAVY losses and has an accumulated deficit in Retained earnings

‘Statement of intent’?

Give me the context
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