undivided profits

plural noun

earnings that have neither been distributed as dividends to stockholders nor transferred to the earned surplus account.

Fourth, the careful business man increases the stability of his business by adding something to his surplus or undivided profits.

This will then be transferred to the debit of undivided profits or surplus, if any, remaining from previous years.

Capital ten million dollars, surplus and undivided profits five millions.

Now the surplus fund is not undivided profits, except in so far as it is earnings not divided among the shareholders.

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