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Simple English definitions for legal terms

earned surplus

Read a random definition: hanging judge

A quick definition of earned surplus:

Term: Earned Surplus

Definition: Earned surplus is the money a company makes from its business operations after paying for expenses and taxes. It's like the money you have left over after paying for your toys and snacks. The company can use this money to invest in new projects or pay off debts. It's also called retained earnings.

A more thorough explanation:

Earned surplus, also known as retained earnings, is the profit that a company keeps after paying out dividends to shareholders and setting aside money for future investments or debt repayment. It is the balance of net profits, income, and gains after deducting losses and distributions to stockholders and transfers to capital stock accounts. This surplus is not taxable as a dividend.

  • A company earns a profit of $100,000 in a year. It pays out $20,000 in dividends to shareholders and sets aside $30,000 for future investments. The remaining $50,000 is the earned surplus that the company can use for other purposes.
  • Another company earns a profit of $50,000 in a year. It does not pay out any dividends to shareholders and does not have any debt to repay. The entire $50,000 is retained as earned surplus.

These examples illustrate how earned surplus is the portion of a company's profit that is not distributed to shareholders or used for debt repayment. Instead, it is kept by the company for future investments or other purposes.

earned income | earnest payment

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
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JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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