Gilkey Corporation Began the Year with Retained Earnings of $310,000

question 160

Multiple Choice

Gilkey Corporation began the year with retained earnings of $310,000.During the year, the company issued $420,000 of common stock, recorded expenses of $1,200,000, and paid dividends of $80,000.If Gilkey's ending retained earnings was $330,000, what was the company's revenue for the year?

• A)$1,220,000
• B)$1,300,000
• C)$1,640,000
• D)$1,720,000

---

Definitions:

Pesticides

Chemical substances used to eliminate or control pests that threaten agriculture, public health, or comfort.

Iodine

A trace element essential for the synthesis of thyroid hormones, which regulate metabolism, growth, and development.

Foodborne Illnesses

Illnesses resulting from the consumption of contaminated food, typically caused by bacteria, viruses, or parasites.

Pathogens

Microorganisms such as bacteria, viruses, fungi, and parasites that can cause disease in humans or animals.