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What (who) is retained earnings - definition
Retained earnings
ACCUMULATED NET INCOME OF THE CORPORATION THAT IS RETAINED BY THE CORPORATION
Retained Profit; Retained Earnings; Plough back; Stockholders' deficit; Retained losses; Undistributed profits; Earned surplus; Retained profit; Accumulated deficit; Accumulated surplus; Plowback retained earnings; Plowback; Accumulated profits; Accumulated profit
The retained earnings (also known as plowback) of a corporation is the accumulated net income of the corporation that is retained by the corporation at a particular point of time, such as at the end of the reporting period. At the end of that period, the net income (or net loss) at that point is transferred from the Profit and Loss Account to the retained earnings account.
plough back
ACCUMULATED NET INCOME OF THE CORPORATION THAT IS RETAINED BY THE CORPORATION
Retained Profit; Retained Earnings; Plough back; Stockholders' deficit; Retained losses; Undistributed profits; Earned surplus; Retained profit; Accumulated deficit; Accumulated surplus; Plowback retained earnings; Plowback; Accumulated profits; Accumulated profit
If profits are ploughed back into a business, they are used to increase the size of the business or to improve it. (BUSINESS)
About 70 per cent of its profits are being ploughed back into the investment programme.
PHRASAL VERB: usu passive, be V-ed P into n
Retained firefighter
In the United Kingdom and Ireland, a retained firefighter, also known as an RDS Firefighter or on-call firefighter, is a firefighter who does not work on a fire station full-time but is paid to spend long periods of time on call to respond to emergencies through the Retained Duty System. Many have full-time jobs outside of the fire service.
Examples of use of retained earnings
1. Nevermind those accounting problems that will force it to restate retained earnings.
2. Furthermore, the group‘s retained earnings resulted in a positive balance of Dh24' million as of June 30.
3. The mistake concerned the incorrect recording of profits from the sale of securities – credited to retained earnings on the balance sheet instead of the profit and loss statement.
4. The company reported retained earnings of 5' billion in the year–earlier period under Russian accounting standards, according to a report on the company‘s web site.
5. Saudi Chemical will issue the bonus shares by transferring SR105.4 million ($28 million) from its retained earnings to its capital account.