Jennner Corporation began the year with retained earnings of $155,000. During the year, the company issued $210,000 of common stock, recorded expenses of $600,000, and paid dividends of $40,000. If Jenner's ending retained earnings was $165,000, what was the company's revenue for the year?
a. $610,000
b. $650,000
c. $820,000
d. $860,000
Ans: b. $650,000
Business
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