In accounting for the equity of foreign companies, what is the primary purpose of equity reserves?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 05:57 AM

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In accounting for the equity of foreign companies, what is the primary purpose of equity reserves?

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Each equity reserve account is associated with legal restrictions ...View the full answer

Intermediate Accounting

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