Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun A
corporate accounting procedure in whichrecapitalization is achieved by the elimination of the existing deficit and the establishment of a new earned surplus account for future earnings only.
Etymologies
Sorry, no etymologies found.
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Examples
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Bakrie & Brothers executives said they have been trying to remedy that situation through what they call a "quasi-reorganization."
Bakrie & Brothers Steps Up Overhaul Eric Bellman 2011
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Bakrie & Brothers executives said they have been trying to remedy that situation through what they call a "quasi-reorganization."
Bakrie & Brothers Steps Up Overhaul Eric Bellman 2011
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"Through this quasi-reorganization we will become like a newborn baby," said Bobby Gafur Umar , Bakrie & Brothers president director and chief executive officer, in an interview.
Bakrie & Brothers Steps Up Overhaul Eric Bellman 2011
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"Through this quasi-reorganization we will become like a newborn baby," said Bobby Gafur Umar , Bakrie & Brothers president director and chief executive officer, in an interview.
Bakrie & Brothers Steps Up Overhaul Eric Bellman 2011
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The quasi-reorganization was effective as of December 31, 2010.
unknown title 2011
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The quasi-reorganization adjustments have no effect on the Company's cash flow and result in a balance sheet that more accurately reflects the Company's retained earnings.
unknown title 2011
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Therefore, the Company's Board of Directors authorized management to effect a quasi-reorganization in accordance with Section 210 of the Codification of Financial Reporting Policies.
unknown title 2011
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Further, the quasi-reorganization provides a more meaningful balance sheet, which will better reflect the progress in our current and future business operations.
unknown title 2011
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Giving effect to the quasi-reorganization, the Company has eliminated its accumulated deficit account, with a commensurate reduction in its additional paid-in capital, for purposes of establishing a new earned surplus account for the accumulation of future earnings from current operations.
unknown title 2011
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A quasi-reorganization is an elective accounting method used to eliminate the deficit in retained earnings against additional paid-in capital combined with fair market value adjustment to assets and liabilities.
unknown title 2011
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