Mathematics, 20.10.2020 20:01 Faizalcell2120

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?

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