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LSDefine

Simple English definitions for legal terms

earnings and profits

Read a random definition: MJOA

A quick definition of earnings and profits:

Earnings and profits refer to a measure of a corporation's ability to distribute profits to shareholders as dividends, without it being considered a return of capital. This means that the distribution will be considered as income for the shareholders, up to the amount of the corporation's current and accumulated earnings and profits. Essentially, it is a way to determine how much money a corporation can pay out to its shareholders as dividends.

A more thorough explanation:

Definition: Earnings and profits refer to a corporation's economic capacity to make a shareholder distribution that is not a return of capital. In other words, it is the measure of a corporation's ability to pay dividends to its shareholders.

Example: If a corporation has $100,000 in earnings and profits, it can distribute up to $100,000 in dividends to its shareholders without dipping into its capital reserves.

Explanation: This means that the corporation has generated profits that can be distributed to shareholders as dividends. The earnings and profits are calculated by subtracting the corporation's expenses from its revenue. If the resulting amount is positive, it is considered earnings and profits. This money can be used to pay dividends to shareholders, which is a way for them to earn a return on their investment in the corporation.

earnings | earnings excluding special items

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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