The purpose of the corporate earnings and profits is used, Ask an Expert

Accounting

The purpose of the corporate earnings and profits is used to pay off dividends to the shareholders of the organization and to invest these funds further for the expansion of the business.

How is this account use to determine if a distribution is a dividend? If it is not a dividend, what is it?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9407316

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