Use this accounting resource to improve your accounting knowledge and bookkeeping understanding. All of these accounting terms have been reviewed and are written so they can be understood for a wide range of accountants, bookkeeppers, cpas professionals.
Please pick a letter to proceed to the terms associated with that letter.
Retained earnings are prior year profits of the corporation that have not been paid out to the stockholders as of the balance sheet date. The earnings have been retained for use of the corporation. Retained earnings is an account in the Capital Section of the corporation balance sheet. Retained earnings increases when there is a profit by the corporation. Retained earnings decreases when there is a loss by the corporation or when cash dividends are paid to the stockholders. Retained earnings also decreases when the corporation buys back common stock. This type of stock is called "treasury stock".
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