Examlex
ERD stands for _______________ which is used to _______________.
Undistributed Earnings
Refers to the portion of a company's net profits that has not been paid out to shareholders as dividends but is retained for reinvestment in the business or to pay off debt.
Tax Rate
The percentage at which an individual or corporation is taxed by the government on income or profits.
Net Operating Loss Carryforward
A tax provision that allows businesses to use a net operating loss in one year to offset taxable income in future years.
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