Question
Sheffield Corp. began the year with retained earnings of $320000. During the year, the company issued $408000 of common stock, recorded expenses of $1202000, and
Sheffield Corp. began the year with retained earnings of $320000. During the year, the company issued $408000 of common stock, recorded expenses of $1202000, and paid dividends of $78000. If Sheffield's ending retained earnings was $340000, what was the companys revenue for the year?
Answers:
A=$1708000
B=$1630000
C=$1222000
D=$1300000
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Survey Of Accounting
Authors: Carl S. Warren
4th Edition
0538478144, 9780538478144
