Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what is the difference between current earnings an

What is the difference between current earnings and profits and accumulated earnings and profits?

90.2K

Verified Solution

Question

Accounting

What is the difference between current earnings and profits andaccumulated earnings and profits?

Answer & Explanation Solved by verified expert
4.2 Ratings (746 Votes)
Current Earnings and profits are those earnings that the company has earned during the current period These are calculated by adjusting or deducting current year expenses incurred from current year revenues    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

write a paper about Anorexia Nervosa and Bulimia Nervosa. How are they alike and how are...

Psychology
Q

The company that I have chose is Amazon, the online retail Instructions Use the same organization as...

Operations Management
Q

Select the correct statement 1 Interference is necessary for diffraction in YDSE 2 Diffraction is...

Physics
Q

A jar contains 5 pennies, 5 nickels and 6 dimes. A child selects 2 coins...

Basic Math
Q

54 A two sample test for means was conducted to determine if the completion time...

Statistics
Q

Is there an association between time of year and the nighttime temperature in North Dakota...

Statistics
Q

LUC E Choose the correct interval OA c c t OB C C t OC...

Algebra
Q

H.M.Alger has just become product manager for Brand K. Brand K is a consumer product...

Accounting
Q

Spiller Corp. plans to issue 8%, 9-year, $410,000 par value bonds payable that pay interest...

Accounting
Q

Equity Method Investment with Intercompany Sales and Profits The Coca-Cola Company owns 21 percent of...

Accounting
Q

Gibson Company reported the following operating results for two consecutive years: Required Compute each income...

Accounting
Q

The value of paper currency depreciates in Inflationary situations. In order to compensate Lenders for...

Finance