New Hampshire Services reported $2.3 million of retained earnings in 2004. In 2005, the company lost $500,000 (net income = -$500,000). Despite the loss, the company still paid a $1.00 per share dividend.

New Hampshire Services reported $2.3 million of retained earnings in 2004. In 2005, the company lost $500,000 (net income = -$500,000). Despite the loss, the company still paid a $1.00 per share dividend. The company’s earnings per share in 2005 were -$2.50. How much retained earnings did the company have in 2005?

1 Answer

New Hampshire Services reported $2.3 million of retained earnings in 2004. In 2005, the company lost $500,000 (net income = -$500,000). Despite the loss, the company still paid …

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions