Kilmer Corporation Began 2022 with Total Stockholder's Equity of $1,270,000

question 131

Multiple Choice

Kilmer Corporation began 2022 with total stockholder's equity of $1,270,000, including retained earnings of $930,000.During the year, the company issued $1,260,000 of common stock, recorded expenses of $3,600,000, and paid dividends of $240,000.If Kilmer's ending retained earnings was $990,000, what was the company's revenue for 2022?

• A)$3,660,000
• B)$3,900,000
• C)$4,920,000
• D)$5,160,000

---

Definitions:

Automating

The process of using technology to perform tasks without human intervention, often to increase efficiency and reduce errors.

Remittance of Pay Stubs

The process of sending pay stubs to employees, typically as a part of their payment documentation.

Task Behaviour

The actions and activities undertaken by individuals to accomplish specific tasks, emphasizing the work-related aspect of behavior.

Rejection Rates

The percentage of applications or offers that are turned down or not accepted in a given process or time frame.