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Henson Company Began the Year with Retained Earnings of $380,000

Question 133

Multiple Choice

Henson Company began the year with retained earnings of $380,000. 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) $540,000
B) $460,000
C) $840,000
D) $500,000

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