Multiple Choice
Pinson Company began the year with retained earnings of $670,000. During the year, the company recorded revenues of $600,000, expenses of $380,000, and paid dividends of $140,000. What was Pinson's retained earnings at the end of the year?
A) $1,030,000
B) $750,000
C) $1,130,000
D) $600,000
Correct Answer:
Verified
Correct Answer:
Verified
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