Quasi-reorganizations
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Quasi-reorganisation refers to either of two accounting procedures - a) reclassifying a deficit in retained earnings as a reduction of additional paid-in capital, or b) such a reclassification in addition to a restatement of the carrying amounts of assets with …
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the long version
Quasi-reorganisation refers to either of two accounting procedures - a) reclassifying a deficit in retained earnings as a reduction of additional paid-in capital, or b) such a reclassification in addition to a restatement of the carrying amounts of assets with or without a restatement of the carrying amounts of liabilities.
Margaret's verdict
"Quasi-reorganisation refers to either of two accounting procedures - a) reclassifying a deficit in retained earnings as a reduction of additional paid-in capital, or b) such a reclassification in addition …"
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