Retained Earnings/Deficit

Accumulated balance of net income in excess of net losses of a corporation since inception, less dividends. Retained earnings (losses) are shown as a separate category within the stockholders' equity section of the balance sheet. It typically has a credit balance; a deficit (simply called retained deficit) is unusual but not impossible. (II-10, 24, 31)

Authorization Path: 2.2.5.2.43.1