COST SYNERGY Definition

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COST SYNERGY is the savings in operating costs expected after two companies, who compliment each others strengths, join.

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STATEMENT OF RETAINED EARNINGS is one of the four basic financial statements; the Statement of Retained Earnings is a reconciliation of the Retained Earnings account. Information such as dividends or announced income is provided in the statement. The Statement of Retained Earnings provides information about what a companys management is doing with the companys earnings.

BROWN BOOK is industry slang for Development of the Oil and Gas Resources of the United Kingdom; an annual report.

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