Kilmer Corporation Began the Year with Retained Earnings of $620,000

question 176

Multiple Choice

Kilmer Corporation began the year with retained earnings of $620,000. During the year, the company issued $840,000 of common stock, recorded expenses of $2,400,000, and paid dividends of $160,000. If Kilmer's ending retained earnings was $660,000, what was the company's revenue for the year?

• A) $2,440,000
• B) $2,600,000
• C) $3,280,000
• D) $33,440,000

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Definitions:

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