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Question - New Hampshire Services reported $2.3 million of retained earnings on its 2001 balance sheet. In 2002, the company lost money-its net income was -$500,000 (negative $500,000). Despite the loss, the company still paid a $1.00 per share dividend. The company's earnings per share for 2002 were -$2.50 (negative $2.50). What was the level of retained earnings on the company's 2002 balance sheet?
A. $1.8 million
B. $2.6 million
C. $1.2 million
D. $1.6 million
Joe Malay received the following report on the Division's operation for the month of August: What was the average direct labor hourly rate
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