Jensen Company had beginning Retained Earnings of $180,000 and Common Stock of $42,000. Jensen recorded expenses of $120,000, and paid dividends of $8,000 throughout the year. If Jensen's ending Retained Earnings was $220,000 what was the company's revenue for the year? O $168,000. O $178,000. $210,000. $98,000.

Jensen Company had beginning Retained Earnings of $180,000 and Common Stock of $42,000. Jensen recorded expenses of $120,000, and paid dividends of $8,000 throughout the year. If Jensen's ending Retained Earnings was $220,000 what was the company's revenue for the year? O $168,000. O $178,000. $210,000. $98,000.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 15EA: Farmington Corporation began the year with a retained earnings balance of $20,000. The company paid...

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