Examlex
Add or subtract.
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Retained Earnings
Retained earnings reflect the cumulative amount of net income earned by a company that is kept within the company after dividends are paid to shareholders.
AASB 3
Specifies the accounting requirements for business combinations, detailing how an acquirer should recognize and measure the assets acquired, the liabilities assumed, and any non-controlling interest in the acquiree.
Revaluation
The process of adjusting the book value of a fixed asset or foreign currency to reflect current market values.
Inventory
The total amount of goods and materials held by a company intended for sale or production.
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