Centro-Matic Company Began the Year with Stockholders' Equity of $30,000

question 43

Multiple Choice

Centro-matic Company began the year with stockholders' equity of $30,000.During the year, Centro-matic issued additional shares of stock in exchange for cash of $42,000, recorded expenses of $120,000, and paid dividends of $8,000.If Centro-matic's ending stockholders' equity was $112,000, what was the company's revenue for the year?

• A)$160,000.
• B)$168,000.
• C)$202,000.
• D)$210,000.

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