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Johnson Alarm systems had $800,000 if retained earnings on December 31, 2008. The company paid common dividends of $60,000 in 2008 and had retained earnings of $640,000 on December 31, 2007. How much did Johnson earn during 2008. and what earnings per share be if 50,000 shares of common stock were outstanding?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9974678

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