Marilu Company began the year with stockholders' equity of $30,000. During the year, Marilu issued additional shares of stock in exchange for cash of $42,000, recorded expenses of $120,000, and paid dividends of $8,000. If Marilu’s ending stockholders' equity was $92,000, what was the company’s revenue for the year? explain process to getting revenue

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Marilu Company began the year with stockholders' equity of $30,000. During the year, Marilu issued additional shares of stock in exchange for cash of $42,000, recorded expenses of $120,000, and paid dividends of $8,000. If Marilu’s ending stockholders' equity was $92,000, what was the company’s revenue for the year? explain process to getting revenue 

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