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Marilu Company began the year with stockholders' equity of $30,000. During the year, Marilu issued additional shares of stock in exchange for cash of $42,000,
Marilu Company began the year with stockholders' equity of $30,000. During the year, Marilu issued additional shares of stock in exchange for cash of $42,000, recorded expenses of $120,000, and paid dividends of $8,000. If Marilus ending stockholders' equity was $92,000, what was the companys revenue for the year?
$190,000 |
$140,000 |
$148,000 |
$182,000 |
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