Multiple Choice
Nguyen Company began the year with equity of $217,000.During the year, Nguyen issued ordinary shares for $294,000, recorded expenses of $840,000, and paid dividends of $56,000.If Nguyen's ending equity was $531,000, what was the company's revenue for the year?
A) $860,000.
B) $916,000.
C) $1,154,000.
D) $1,210,000.
Correct Answer:
Verified
Correct Answer:
Verified
Q53: The final step in solving an ethical
Q78: Equity is decreased by<br>A) assets.<br>B) revenues.<br>C) expenses.<br>D)
Q159: All of the financial statements are for
Q169: Equity can be described as<br>A) creditorship claim
Q196: A dividend is<br>A)a distribution of the company's
Q203: Use the following information for questions
Q204: The purchase of office equipment on credit
Q216: Even though a partnership is not a
Q222: Financial accounting provides economic and financial information
Q229: Net income results when<br>A) Assets > Liabilities.<br>B)