xyz technology had 640000 of retained earnings on, Accounting Basics

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xyz technology had 640000 of retained earnings on

XYZ Technology had $640,000 of retained earnings on December 31, 2010. The company paid common dividends of $50,000 in 2010 and had retained earnings of $500,000 on December 31, 2009. Determine how much did XYZ Technology earn during 2010, and what would earnings per share be if 40,000 shares of common stock were outstanding?

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