Nguyen Company Began the Year with Equity of $217,000

question 199

Multiple Choice

Nguyen Company began the year with equity of $217,000.During the year, Nguyen issued ordinary shares for $294,000, recorded expenses of $840,000, and paid dividends of $56,000.If Nguyen's ending equity was $531,000, what was the company's revenue for the year?

• A)$860,000.
• B)$916,000.
• C)$1,154,000.
• D)$1,210,000.

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Definitions:

Unrealized Gain (Loss)

The increase (gain) or decrease (loss) in the value of investments that a company holds, which have not yet been sold for a profit or a loss.

Long-Term Investments

Assets intended to be held for more than one year, including stocks, bonds, real estate, and other securities.

Consolidated Financial Statements

Financial statements that aggregate the financial information of a parent company and its subsidiaries into one document, presenting the financial position and results of operations of the entire group as a single entity.

Held-To-Maturity Securities

Financial assets purchased with the intention and ability to hold them until a specific maturity date.