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Gilkey Corporation Began the Year with Retained Earnings of $310,000

Question 160

Multiple Choice

Gilkey Corporation began the year with retained earnings of $310,000.During the year, the company issued $420,000 of common stock, recorded expenses of $1,200,000, and paid dividends of $80,000.If Gilkey's ending retained earnings was $330,000, what was the company's revenue for the year?


A) $1,220,000
B) $1,300,000
C) $1,640,000
D) $1,720,000

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