--%>

Accumulated E&P (earnings and profits)

 

The sum of all the current E&P amounts from last years, less all dividends distributed. The accumulated E&P amount represents all undistributed E&P. Any dividends that are in excess of accumulated E&P are a return of capital. E&P can be negative only from operating losses, not from paying out liquidating dividends. Additive E&P is similar to the balance sheet account retained earnings, but accumulated adjustments account 18 calculated differently and based on taxable income. While  earnings is equal to total income from all income statements less all dividends paid over time, accumulated E&P is the sum of all taxable revenue from the tax returns less all taxes paid and all dividends paid 

 

   Related Questions in Financial Accounting

  • Q : Digital Image Processing Homework Using

    I am just trying your services to get one very small project done for Digital Image Processing Homework Using Matlab.I need the code and the approach of the code.The Homework is :A. Import a color image.B. Convert color image to gray-level image.C. create

  • Q : International financial management

    Explain the importance in studying the international financial management?

  • Q : Project Advantages-disadvantages of

    Advantages-disadvantages of internal rate of return method

  • Q : Meso and Macro level theories of

    Identify and elucidate three meso- and/or macro-level theories about deviance.

  • Q : Explain Return on Assets or ROA Return

    Return on Assets (ROA): It is an indicator of how gainful a company is associative to its net assets. ROA provides an idea as to how proficient management is at employing its assets to produce earnings. Computed by dividing a company's annual earnings

  • Q : Problem on National income Providing

    Providing reasons, describe the treatment assigned to the following which estimates national income.(i) Family members working freely on farm owned by family.(ii) The Payment of interest on borrowings through general government.

  • Q : Current and capital account deficit

     Exhibit 3.3 states that in year 1991, the U.S. had current account deficit and consecutively a capital account deficit. Explain about how this may occur?

  • Q : Case study of a pharmaceutical group in

    The XYZ Group, a supplier of pharmaceutical equipment, systems and services, has its head office in London and primary production facilities in the US. The company also has a successful subsidiary in South Africa, which was established in 1990. XYZ South Africa does n

  • Q : Representative office of any bank

    Explain what is meant by the Representative office of any bank.

  • Q : Prepare the journal entry to record the

    On December 31, 20x1, the Kat Co. purchase a group of four assets for a total cost of $1,000,000. An independent appraiser assesses the fair value of each asset asfollows: Asset Fair Value Land $350,000 Building 600,000 Equipment 200,000 Fixtures 150,000 Prepare the journal entry t