Pinson Company Began the Year 2022 with Retained Earnings of $670,000.During

question 6

Multiple Choice

Pinson Company began the year 2022 with retained earnings of $670,000.During the year, the company sold additional shares of stock for $1,000,000, recorded revenues of $600,000, expenses of $380,000, and paid dividends of $140,000.What was Pinson's retained earnings balance at the end of 2022?

• A)$1,030,000
• B)$750,000
• C)$1,130,000
• D)$600,000

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Definitions:

Family Member

An individual belonging to a specific family, either by blood relations, marriage, or legal adoption.

Patient

is an individual who receives medical care or treatment from a doctor or other health professional.

Counterproductive

Having the opposite of the desired effect, causing harm or hindrance to achieving a goal.

Mutual Trust

The shared belief between two or more individuals or parties that each will act with honesty, integrity, and reliability.