What is ACCUMULATED SURPLUS? Definition of ACCUMULATED SURPLUS in Black's Law Dictionary
In statutes relative to the taxation of corporations, this term refers to the fund which the company has in excess of its capital arid liabilities. Trenton Iron Co. v. Yard, 42 N.J.Law, 357; People's F. Ins. Co. v. Parker, 34 N.J.Law, 479, 35 N.J.Law, 575.
See Earnings.
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That's the definition of ACCUMULATED SURPLUS in Black's Law Dictionary - Courtesy of Cekhukum.com.
