Redfox Pest Control Service Had Revenues of $425,000 and Expenses

question 22

Multiple Choice

Redfox Pest Control Service had revenues of $425,000 and expenses of $338,000 for the current year, ended June 30. At the beginning of the year, the common stock was $110,000 and the retained earnings was $70,000. During the year, shareholders purchased an additional $25,000 in stock. Dividends of $16,750 were paid. What is the balance of stockholders' equity at the end of the year?

• A) $292,000
• B) $267,250
• C) $205,250
• D) $275,250

---

Definitions:

Dissatisfying

Causing discontent or discomfort; not meeting an individual's expectations or desires.

Existing Group

A set of individuals who are currently assembled as a team or cohort within an organization or for a specific purpose.

Sole Basis

The only reason or foundation upon which a decision or action is based.

Job Description

A formal account of an employee's responsibilities, duties, and the requirements for a specific position within an organization.