current earnings and profits


Represents the upper limit on the amount of dividend income that is recognized on earnings distributions. Current earnings and profits is calculated by combining tax-exempt with taxable income and subtracting certain non-deductible items. Current earnings and profits must be paid out to currently to avoid becoming accumulated earnings.

Use this term in a sentence

Our current earnings and profits were really good and I wondered what that meant for us because we wanted to be really big.

​ Was this Helpful? YES  NO 6 people found this helpful.

We were extremely pleased to announce to the press our current earnings and profits, which were considerably above analyst expectations.

​ Was this Helpful? YES  NO 11 people found this helpful.

At the end of every fiscal quarter, our finance team works on reports in order to determine the current earnings and profits of our company.

​ Was this Helpful? YES  NO 11 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
current dollars current earnings per share (current EPS)