Sec. 32.4550  Retained earnings.

    (a) This account shall include the undistributed balance of retained 
earnings derived from the operations of the company and from all other 
transactions not includable in the other accounts appropriate for 
inclusion of stockholders' equity.
    (b) Subsidiary records shall be maintained wherein are recorded all 
entries to retained earnings during the year such that the detail of the 
entries may be disclosed to the Commission.

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              Subpart D--Instructions For Revenue Accounts