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Qualified Opinion - AUDIT opinion that states,
except for the effect of a matter to which a
qualification relates, the FINANCIAL STATEMENTS are
fairly presented in accordance with GENERALLY ACCEPTED
ACCOUNTING PRINCIPLES (GAAP).
Quasi-Reorganization - Type of reorganization in
which, with shareholder approval, the management
revalues ASSETS and eliminates the DEFICIT (increased by
asset devaluations if any) by charging it to other
EQUITY accounts without the creation of a new corporate
entity or without court intervention.
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