There are distributable reserves and un-distributable reserves. A misclassification and subsequent incorrect treatment in the financial statements
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There are distributable reserves and un-distributable reserves. A misclassification and subsequent incorrect treatment in the financial statements of such reserves can have a significant impact on the interpretation of the results/performance of a company. Discuss using applicable examples illustrate your answer.
Related Book For
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118983270
7th edition
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
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