Question:XYZ Company has just completed its first year of operations in Year 1. The company distributed dividends of $50,000. If the ending balance of Retained Earnings on December 31 of Year 1 is $70,000, and the company had revenues of $400,000 from Year 1 sales, then what is the total of the company's Year 1 expenses? 

A $350,000 
B $330,000 
C $280,000 
D None of these 

+ Answer
C 

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Md. Habib Ullah

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