Vaughn Manufacturing began the year with retained earnings of $939000. During the year, the company issued...
Vaughn Manufacturing began the year with retained earnings of $939000. During the year, the company issued $1308000 of common stock, recorded expenses of $3645000, and paid dividends of $242000. If Vaughn ending retained earnings was $999000, what was the company’s revenue for the year?
Homework Answers
Ending Balance+ dividend less Beginning Balance =net income
=$999000+$242000-$939000
Net income=$302000
revenue=Net income+ Expenses =$302000+$3645000=$394700
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Vaughn Manufacturing began the year with retained earnings of
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