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Wpływ rezerw na sprawozdanie finansowe przedsiębiorstwa 271

lar update of reserves, their values may be different from the liabilities to which they refer.

Creation of reserves makes it possible to get a true and fair view of the financial position of a company. Both creation and release of reserves result in increase or decrease of profit. There is also a need to adjust in the state-ment of cash-flow the value of those reserves which influence the profit.

Keywords: reserves, financial statement.