Examlex
What are the three phases of changes?
Appropriation of Retained Earnings
The process of allocating retained earnings to specific purposes, such as reserves or dividend distribution.
Cash Assets
Assets in the form of cash or items that can be quickly converted to cash without significant loss of value.
Prior Period Adjustment
Corrections of errors or omissions in the financial statements of previous periods to accurately reflect past financial performance.
Retained Earnings
Retained earnings are the portion of a business's profits not distributed as dividends to shareholders but retained by the business for reinvestment.
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