Kilmer Corporation began the year with retained earnings of $930,000. During the year, the company issued $1,260,000 of

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Kilmer Corporation began the year with retained earnings of $930,000. During the year, the company issued $1,260,000 of

Post by answerhappygod »

Kilmer Corporation began the year with retained earnings of
$930,000. During the year, the company issued $1,260,000 of common
stock, recorded expenses of $3,600,000, and paid dividends of
$240,000. If Kilmer's ending retained earnings was $990,000, what
was the company's revenue for the year?
Question 10 options:
$3,660,000
$3,900,000
$50,169,000
$4,920,000
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply