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?© BrainMass Inc. brainmass.com June 4, 2020, 2:03 am ad1c9bdddf
First you need to calculate Net Income for 2010.
Beg. Retained Earnings + Net Income ...
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