Examlex
The starting point in computing state taxable income generally is .
Retained Earnings
The part of net profits that is not distributed as dividends but is kept by the company for reinvestment in its primary business or for debt repayment.
Dividends Declared
Profits distributed by a company to its shareholders, usually determined by the company's board of directors.
Statement of Retained Earnings
A financial document showing how a company's retained earnings have changed over a period due to dividends and earnings.
Expense Account
An expense account refers to a ledger account that tracks money spent or costs incurred in a business's operational activities.
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