THE COST OF RETAINED EARNINGS: A FURTHER NOTE, AN ILLUSTRATION AND A COMPUTER PROGRAM
给出了考虑个人和公司税调整后的留存收益成本，重点计算税前利润单位有效税率时如何处理部分税收的延迟影响，并用数值示例和计算机程序支持分析。
This paper presents the personal and corporate tax adjusted version of the cost of retained earnings, with particular reference to the problem of computing the effective rate of tax on a unit of pre tax profit when one allows for the delayed incidence of part of the tax impost. The argument is illustrated numerically and supported by a computer program which enables the user to consider and work out the effect of changing one or more variables. A term which appeared in a previous article (Lister 1981) is corrected.