Kilmer Corporation began 2022 with total stockholder's equity of $1,270,000, including retained earnings of $930,000.During the year, the company issued $1,260,000 of common stock, recorded expenses of $3,600,000, and paid dividends of $240,000.If Kilmer's ending retained earnings was $990,000, what was the company's revenue for 2022?
A)$3,660,000
B)$3,900,000
C)$4,920,000
D)$5,160,000

Question

Quizplus · Accepted Answer

The Answer of Kilmer Corporation began 2022 with total stockholder's equity of $1,270,000, including retained earnings of $930,000.During the year, the company issued $1,260,000 of common stock, recorded expenses of $3,600,000, and paid dividends of $240,000.If Kilmer's ending retained earnings was $990,000, what was the company's revenue for 2022?
A)$3,660,000
B)$3,900,000
C)$4,920,000
D)$5,160,000

Kilmer Corporation Began 2022 with Total Stockholder's Equity of $1,270,000