Marilu Company began the year with equity of $75,000. During the year, Marilu issued additional ordinary shares in exchange for cash of $105,000, recorded expenses of $300,000, and paid dividends of $20,000. If Marilu's ending equity was $230,000, what was the company's revenue for the year? a. $350,000. b. $370,000. c. $455,000. d. $475,000.
Marilu Company began the year with equity of $75,000. During the year, Marilu issued additional ordinary shares in exchange for cash of $105,000, recorded expenses of $300,000, and paid dividends of $20,000. If Marilu's ending equity was $230,000, what was the company's revenue for the year? a. $350,000. b. $370,000. c. $455,000. d. $475,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Marilu Company began the year with equity of $75,000. During the year, Marilu issued
additional ordinary shares in exchange for cash of $105,000, recorded expenses of
$300,000, and paid dividends of $20,000. If Marilu's ending equity was $230,000, what
was the company's revenue for the year?
a. $350,000.
b. $370,000.
c. $455,000.
d. $475,000.
167.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc04442c4-324c-440c-a768-311179ecd141%2Fe00efb0b-4566-4430-bbed-a3dc36d07a26%2Fg3bfmu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Marilu Company began the year with equity of $75,000. During the year, Marilu issued
additional ordinary shares in exchange for cash of $105,000, recorded expenses of
$300,000, and paid dividends of $20,000. If Marilu's ending equity was $230,000, what
was the company's revenue for the year?
a. $350,000.
b. $370,000.
c. $455,000.
d. $475,000.
167.
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