ACC 561 help A Guide to career/uophelp.com ACC 561 help A Guide to career/uophelp.com | Page 13

ending retained earnings was $985000, what was the company’s revenue
for the year?
$3710000
$50212000
$3952000
$4984000
Multiple Choice Question 122
Sheffield Corp. began the year by issuing $106000 of common stock for
cash. The company recorded revenues of $1214000, expenses of
$965000, and paid dividends of $56000. What was Sheffield net income
for the year?
$249000
$355000
$299000
$193000
Multiple Choice Question 131