The cost of assets consumed or services used is also known as a revenue. an expense. a liability an asset. Henson Company began the year with retained earnings of $380,000. During the year, the company recorded revenues of $500,000, expenses of $380,000, and paid dividends of $40,000. What was Henson's retained earnings at the end of the year? $540,000 $460,000 $840,000 $500,000 Buying and selling products are examples of operating activities. investing activities. financing activities. delivering activities. >