Secret Reserve

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Secret Reserve

The amount by which shareholder equity in a company exceeds the amount claimed on its financial statements. Secret reserves arise when a company overstates its liabilities or understates its assets, usually because its accounting practices depart from GAAP. In such cases, the company must declare that its accounting is different from that of most other companies. The secret reserve may eventually be converted to cash and distributed to shareholders. It is also called the hidden reserve.

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Hidden Reserve Reserva oculta			Alternatively, for a sample of Pokemon cards sold by the authors, Katkar and Lucking-Reiley (2000) find that 46% of auctions with a secret reserve result in a sale, whereas 70% of public reserve auctions result in a sale. Reputation in an Internet auction market by McDonald, Cynthia G.; Slawson, V. Carlos, Jr. / Economic Inquiry Lucking-Reiley, Vanderbilt University, "Public versus Secret Reserve Prices on eBay Auctions: Results of a Pokemon Field Experiment" Discussant: Robert H. Conferences by NBER Reporter Board members Meridy Wixley and Arlene Franks discovered Pact's secret reserve fund, skimmed from a publicly funded apartheid-era subsidy. BALLET LOSES ITS FOOTING IN SOUTH AFRICA by Sichel, Adrienne / Dance Magazine			Second Sudanese Pound Second-Class Mail second-generation space Second-Preferred Stock Second-Tier Stock Second-to-Die Insurance Secondary Bank Secondary Distribution Secondary distribution/offering secondary easement secondary financing Secondary Issue secondary market secondary mortgage market Secondary Mortgage Markets Secondary Offering Secondary Public Offering Secondary reserves secondary shares Secondary Stock Secondary Stocks Secondary Trade Secondary Trend Secondo le regole secret profit Secret Reserve Secretariat Secretary of Agriculture Secretary of Commerce Secretary of Defense Secretary of Energy Secretary of Housing and Urban Development Secretary of Labor Secretary of State Secretary of the Interior Secretary of the Treasury Secretary of Transportation Secretary of Veterans Affairs Secteur financier Secteur public section Section 1031 Section 1035 Exchange Section 121 Section 1221 Section 1223 Section 1231 Gain or Loss Section 1231 Property Section 1245 Section 1245 property Section 1250			Secret Obsessions (TV show) Secret of Divine Civilization Secret of Evermore Secret of Mana Secret of Mana Theater Secret of monkey island Secret of the Fire Nation Secret of Vulcan Fury Secret Office of the Senate Secret Order of Swiss Army Knives Secret organization Secret organization secret partner Secret passage secret place secret plan secret plot secret police secret police Secret Policeman's Ball secret profit Secret Protectors of Revolutionary Knowledge Secret Provision for Kira Secret Public Journal Secret Raccoon Handshake secret rebate Secret Reserve Secret Reserves Secret Restricted Data Secret room Secret Santa Gift Exchange Secret Sauce Intake Manifold secret screw joint secret screwing Secret Sensitive Information Secret Service Secret Service Secret Service Secret Service Secret Service Uniformed Division Secret Service, United States Secret services Secret services Secret services Secret Sisterhood Ladybug Society Secret societies Secret societies secret society secret society secret society Secret Society of Assassins Secret Society of Dirty Sisters Secret Society of Executive Secretaries Secret Society of Happy People Secret Society of Lesbian Propellerheads Secret Society of Serendipitous Service to Hal Secret Society of Super-Villains

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