Multiple Choice
Henson Company began the year with retained earnings of $330,000. During the year, the company recorded revenues of $500,000, expenses of $380,000, and paid dividends of $40,000. What was Henson's retained earnings at the end of the year?
A) $490,000
B) $410,000
C) $790,000
D) $450,000
Correct Answer:
Verified
Correct Answer:
Verified
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