How does that work, accounting-wise? Isn't re-invested capital coming out of profits by definition? Otherwise a company could just "re-invest" all their would-b

How does that work, accounting-wise? Isn't re-invested capital coming out of profits by definition? Otherwise a company could just "re-invest" all their would-be profit into gold (or some other store of value) and claim to have made zero profit. I don't think the IRS would be too happy about that.