Kilmer Corporation Began the Year with Retained Earnings of $930,000

question 78

Multiple Choice

Kilmer Corporation began the year with retained earnings of $930,000. During the year, the company issued $1,260,000 of common stock, recorded expenses of $3,600,000, and paid dividends of $240,000. If Kilmer's ending retained earnings was $990,000, what was the company's revenue for the year?

• A)$3,660,000
• B)$3,900,000
• C)$4,920,000
• D)$50,160,000

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Definitions:

Anterior and Posterior

Terms used to describe the location of anatomical structures, with anterior meaning towards the front and posterior meaning towards the back.

Lumbar

Pertaining to the lower back part of the spine comprising the five vertebrae between the rib cage and the pelvis.

Lower Back

The lumbar region of the spine, often associated with back pain due to its role in supporting the upper body.

Axillary

Pertaining to the armpit area, including structures such as lymph nodes, blood vessels, and nerves located within this region.