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QUESTION
Kilmer Corporation began the year with retained earnings of $310,000. During the year, the company issued $420,000 of common stock, recorded expenses...
Kilmer Corporation began the year with retained earnings of $310,000. During the year, the company issued $420,000 of common stock, recorded expenses of $1,200,000, and paid dividends of $80,000. If Kilmer’s ending retained earnings was $330,000, what was the company’s revenue for the year?
