Pinson Company Began the Year with Retained Earnings of $570,000

question 23

Multiple Choice

Pinson Company began the year with retained earnings of $570,000. During the year, the company recorded revenues of $600,000, expenses of $380,000, and paid dividends of $140,000. What was Pinson's retained earnings at the end of the year?

• A) $930,000
• B) $650,000
• C) $1,030,000
• D) $500,000

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