Examlex
Some of the "branches" of a phylogenetic tree do not extend to the end.What do these lines represent?
AASB 136
The Australian Accounting Standards Board standard that details the accounting treatment for impairments of assets.
Impairment
The action of or situation where the value of an asset is corrected downwards in the company's books to reflect a loss in value, ensuring the asset's recorded cost does not exceed its recoverable amount.
Issued Capital
The total value of a company's shares that have been issued to shareholders, representing the equity funding provided by shareholders.
Retained Earnings
Represents the cumulative amount of net income that a company has not distributed to its shareholders as dividends but retained for reinvestment in the business.
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