For 2014, the Hilary Corporation had beginning and ending Retained Earnings balances of $198,054 and $231,000, respectively. Also during 2014, the corporation declared and paid cash dividends of $29,000 and issued stock dividends valued at $16,000. Assuming that no other items affected Retained Earnings and that total expenses were $32,916, what was the amount of revenues for 2014?

Question

Quizplus · Accepted Answer

The Answer of For 2014, the Hilary Corporation had beginning and ending Retained Earnings balances of $198,054 and $231,000, respectively. Also during 2014, the corporation declared and paid cash dividends of $29,000 and issued stock dividends valued at $16,000. Assuming that no other items affected Retained Earnings and that total expenses were $32,916, what was the amount of revenues for 2014?

For 2014, the Hilary Corporation Had Beginning and Ending Retained