Gilkey Corporation Began the Year with Retained Earnings of $465,000

question 6

Multiple Choice

Gilkey Corporation began the year with retained earnings of $465,000. During the year, the company issued $630,000 of common stock, recorded expenses of $1,800,000, and paid dividends of $120,000. If Gilkey's ending retained earnings was $495,000, what was the company's revenue for the year?

• A) $1,830,000
• B) $1,950,000
• C) $2,460,000
• D) $2,580,000

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