[ACTBFAR] Unit 3 (Part 5): Corporations (Retained Earnings & Dividends)

Accumulated Profits

retained earnings; realized out of operations after deducting therefrom distributions to stockholders and transfers to capital stock and other accounts

Accumulated Profits

shall be the amount as shown in the financial statements audited by the company’s interdepended auditor

Accumulated Profits

represent the accumulated lifetime profits that a corporation has earned since its inception but has not yet been distributed to shareholders

Accumulated Profits

pertain to the cumulative balance of profits and losses, distribution to owners, affected by the effects of retrospective application or restatement and other capital readjustments

Accumulated Profits

also represents capital of the corporation that is arising from its operations

Accumulated Profits

surplus profits of a corporation

Accumulated Profits

yearly net income and losses less the dividend distributions, after income adjustments for prior period errors and changes in accounting policies are made