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Simple English definitions for legal terms

earned surplus

Read a random definition: res habiles

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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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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