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Mofro's Computer Repair Shop started the year with total assets of $300000 and total liabilities of $200000. During the year, the business recorded $500000 in
Mofro's Computer Repair Shop started the year with total assets of $300000 and total liabilities of $200000. During the year, the business recorded $500000 in computer repair revenues, $300000 in expenses, and Mofro paid dividends of $50000. The net income reported by Mofro's Computer Repair Shop for the year was $100000 $150000 $250000 $200000. Centro-matic Company began the year with stockholders' equity of $30000. During the year, Centro-matic issued additional shares of stock in exchange for cash of $42000, recorded expenses of $120000, and paid dividends of $8000. If Centro-matic's ending stockholders' equity was $112000, what was the company's revenue for the year? $210000 $160000. $168000. $202000
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