accumulated profits


accumulated profits
Earned surplus or undivided profits. Flint v. Commissioner of Corporations and Taxation, 312 Mass. 204, 43 N.E.2d 789, 791, 792.
Such include profits earned and invested. Commissioner of Corporations and Taxation v. Filoon, 310 Mass. 374, 38 N.E.2d 693, 698, 700

Black's law dictionary. . 1990.

Look at other dictionaries:

  • accumulated profits — accumulated earnings The amount showing in the appropriation of profits account that can be carried forward to the next year s accounts, i.e. after paying dividends, taxes, and putting some to reserve …   Accounting dictionary

  • accumulated profits — The amount showing in the appropriation of profits account that can be carried forward to the next year s accounts, i. e. after paying dividends, taxes, and putting some to reserve …   Big dictionary of business and management

  • accumulated profits tax — accumulated earnings tax or accumulated profits tax Fin the tax that a company must pay because it chose not to pay dividends that would subject its owners to higher taxes …   The ultimate business dictionary

  • accumulated profits tax — A tax on earnings retained in a firm as a way for the principals to defer personal income taxes. Bloomberg Financial Dictionary …   Financial and business terms

  • accumulated earnings tax — or accumulated profits tax Fin the tax that a company must pay because it chose not to pay dividends that would subject its owners to higher taxes …   The ultimate business dictionary

  • accumulated earnings — See: accumulated profits …   Accounting dictionary

  • Accumulated Earnings and Profits — An accounting term applicable to stockholders of closely held businesses. Accumulated earnings and profits are a company s net profits after deducting distributions to the stockholders. This is calculated as of the beginning of the …   Investment dictionary

  • accumulated dividend — A dividend that has reached its due date, but is not paid out. Bloomberg Financial Dictionary See: cumulative preferred stock. Bloomberg Financial Dictionary * * * accumulated dividend accumulated dividend ➔ dividend * * * accumulated dividend UK …   Financial and business terms

  • accumulated earnings tax — A special tax imposed on corporations that accumulate (rather than distribute via dividends) their earnings beyond the reasonable needs of the business. The accumulated earnings tax is imposed on accumulated taxable income in addition to the… …   Black's law dictionary

  • accumulated surplus — (Economics) surplus profits of a company that remain in its control and are reinvested …   English contemporary dictionary


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.