Shares of common stock - retained earnings, Accounting Basics

XYZ Technology had $640,000 of retained earnings on December 31, 2010. The company paid common dividends of $50,000 in 2010 and had retained earnings of $500,000 on December 31, 2009. Determine how much did XYZ Technology earn during 2010, and what would earnings per share be if 40,000 shares of common stock were outstanding?

Posted Date: 3/20/2013 2:36:14 AM | Location : United States

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