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What is Far Eastern University Earnings Adjustment about?

The Board of Trustees of Far Eastern University passed a resolution at its 15 March 2016 meeting to adjust the appropriated retained earnings of the university to P2,573,733,100.00. This amount is allocated to reserves for property acquisition and investment, expansion and improvement of facilities, purchase of equipment and furniture, general retirement, contingencies, and treasury shares.

Author

BusinessWorld

Language

EN