Centro-Matic Company Began the Year with Stockholders' Equity of $30,000

question 211

Multiple Choice

Centro-matic Company began the year with stockholders' equity of $30,000. During the year, Centro-matic issued additional shares of stock in exchange for cash of $42,000, recorded expenses of $120,000, and paid dividends of $8,000. If Centro-matic's ending stockholders' equity was $112,000, what was the company's revenue for the year?

• A) $160,000.
• B) $168,000.
• C) $202,000.
• D) $210,000.

---

Definitions:

Specific

Clearly defined and precise, leaving little to no room for ambiguity or variability.

Strategic Planning

The process of defining a direction for an organization by setting goals, determining actions to achieve the goals, and mobilizing resources to execute the actions.

Day-To-Day Operations

Activities and tasks that a business or organization performs regularly to ensure its continued functioning and success.

SWOT Exercise

A strategic planning tool used to identify and analyze the Strengths, Weaknesses, Opportunities, and Threats related to a project, organization, or business.