appropriation of retained earnings
Definition
Restriction of retained earnings, recorded by a journal entry that reduces the amount available for dividends. The restriction may be imposed voluntarily by the management to accumulate earnings for a particular purpose, or it may be due to a restrictive covenant in a loan agreement.
Popular 'Accounting & Auditing' Terms
appropriation of retained earnings in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/appropriation-of-retained-earnings.html
