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Question 3 If the net income of Sierra Corporation for the year is $100,000, and it pays out $75,000 in cash dividends, (1) What is

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Question 3 If the net income of Sierra Corporation for the year is $100,000, and it pays out $75,000 in cash dividends, (1) What is the addition to retained earnings? (2) What is the earnings per share (EPS), if the total outstanding shares are 50,000? Earnings Per Share = Net Income / Total Outstanding Shares. Solution: (1) Addition to retained earnings Net Income Cash Dividends Addition to R/E (2) Earnings Per Share Net Income Total Shares EPS

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