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Rockwell corporation had a net income of 150000 for the

Question - Rockwell Corporation had a net income of $150,000 for the year ending 2009. The company decided to payout 40% of earnings per share as a dividend. Rockwell has 120,000 shares issued and outstanding. What are the retained earnings for the 2009?

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Accounting Basics: Rockwell corporation had a net income of 150000 for the

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Accounting Basics: Rockwell corporation had a net income of 150000 for the

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