Quasi Reorganization
28 August 2008
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I read this statement some where:
The purposes of a quasi-reorganization are to restate overvalued assets to their lower
fair values (and thus reduce future depreciation) and to eliminate a retained earnings
deficit (and thus facilitate the declaration of dividends).
How overvaluing assets to their lower fair values will reduce the current deficit???
Although it will reduce the future deprecistion??
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