16:41
@Hellwoods2025: I’d assume WL culling would start now or after their early June wave but idk why it would go under review again if they plan to cull when it’s probably easier to just R off the rip (but I could be reading into what the lawhub movement means way too much)
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Simple English definitions for legal terms
ongoing earnings
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A quick definition of ongoing earnings:
Ongoing earnings refer to the revenue gained from labor or services, investment of capital, or assets that a company continues to earn over time. It is a type of business income that is calculated by including income items and excluding various business expenses. However, this term is often used interchangeably with operating earnings, which is not a reliable measure of a company's financial performance. Other types of earnings include gross earnings, net earnings, retained earnings, and surplus earnings.
A more thorough explanation:
Definition: Ongoing earnings refer to the revenue gained from labor or services, investment of capital, or assets that a company continues to earn over time.
Examples:
- Operating earnings: Business income calculated by including income items and excluding various business expenses. This is often used to favorably skew a company's price-earnings ratio.
- Retained earnings: A corporation's accumulated income after dividends have been distributed.
- Surplus earnings: The excess of corporate assets over liabilities within a given period, usually a year.
These examples illustrate ongoing earnings because they represent the revenue that a company continues to earn over time. Operating earnings are calculated in violation of generally accepted accounting principles and are often unreliable. Retained earnings are the income that a corporation has accumulated over time and has not distributed as dividends. Surplus earnings are the excess of corporate assets over liabilities within a given period.