Quasi-Reorganization
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Quasi-Reorganization

In American accounting, the act of changing a company's records to eliminate a deficit in retained earnings by restating its balance sheet as if it were in bankruptcy. No bankruptcy is actually filed, however, and shareholders must agree to the changes. Quasi-reorganizations are controversial because they do not improve a company's actual state; rather, they simply make its books appear healthier. It is rarely done in practice.

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Quasi-Reorganization (redirected from Quasi Reorganizations)

Quasi-Reorganization
(redirected from Quasi Reorganizations)