R&E Statements definition
Examples of R&E Statements in a sentence
The Balance Sheet and R&E Statements together fairly present in all material respects the Purchased Assets, Assumed Liabilities, the assets and liabilities of the OEM Subsidiaries and the results of operations of the Business at the dates and for the periods included in the Balance Sheet and the R&E Statements attached to Section 4.7 of the Disclosure Schedule.
The amounts reflected in the R&E Statements have been derived from the Company’s financial information, which has been prepared on a basis consistent with GAAP and the past practices of the Business, and include the following financial statement elements: sales, costs of goods sold, research and development, selling, marketing and G&A expenses.
Where applicable, certain good-faith allocations or estimations have been used for amounts included in the Balance Sheet and the R&E Statements, which allocations management of the Company believe to be reasonable and reflective of the results of operations, assets and liabilities of the Business, subject to the limitations described herein and in any such statement, and to the inherent limitation in any allocation or estimate.