A company had net income of $200,000 for the year ending 2008. The company decided to pay
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A company had net income of $200,000 for the year ending 2008. The company decided to pay out 30% of earnings per share as a dividend. The company has 50,000 shares issued and outstanding. What are the retained earnings for 2008?
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Computation of the retained earnings for 2008 Earning Per Share Net Income Outstanding Share Wh...View the full answer
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ISBN: 978-0324300987
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Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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