Question
Unit 2: Swifty Corporation began the year with retained earnings of $315000. During the year, the company issued $405000 of common stock, recorded expenses of
Unit 2:
Swifty Corporation began the year with retained earnings of $315000. During the year, the company issued $405000 of common stock, recorded expenses of $1223000, and paid dividends of $77000. If Swifty ending retained earnings was $335000, what was the company's revenue for the year?
A) $1725000
B) $1243000
C) $1320000
D) $1648000
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Advanced Financial Accounting
Authors: Richard Baker, Valdean Lembke, Thomas King, Cynthia Jeffrey
8th Edition
73526916, 978-0073526911
