Henson Company Began the Year with Retained Earnings of $330,000

question 118

Multiple Choice

Henson Company began the year with retained earnings of $330,000. During the year, the company recorded revenues of $500,000, expenses of $380,000, and paid dividends of $40,000. What was Henson's retained earnings at the end of the year?

• A) $490,000
• B) $410,000
• C) $790,000
• D) $450,000

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Definitions:

Antiepileptic Drug

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Gabapentin

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Naloxone

A medication primarily used to counteract opioid overdoses, quickly restoring normal respiration to a person whose breathing has slowed or stopped.