Quantum Technology had $669,000 of retained earnings on December 31, 2013. The company paid common dividends of

Question:

Quantum Technology had $669,000 of retained earnings on December 31, 2013. The company paid common dividends of $35,500 in 2013 and had retained earnings of $576,000 on December 31, 2012. How much did Quantum Technology earn during 2013 and what would earnings per share be if 47,400 shares of common stock were outstanding?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...