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    Net Income and EPS

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    Quantum Technology had $640,000 of retained earnings on December 31, 2010. The company paid common dividends of $30,000 in 2010 and had retained earnings of $500,000 on December 31, 2009. How much did Quantum Technology earn during 2010 and what would earnings per share be if 40,000 shares of common stock outstanding?

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    https://brainmass.com/business/accounting/net-income-eps-435562

    Solution Preview

    First you need to calculate Net Income for 2010.

    Beg. Retained Earnings + Net Income ...

    Solution Summary

    The solution does a great job of answering the question. The solution is brief and concise and very easy to follow along. All the steps are clearly shown and Excel formulas are provided so that the student can answer similar questions in the future. It can be easily understood by anyone with a basic understanding of the topic. Overall, an excellent solution.

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