Question: amswer both questions and just the answer Multiple Choice Question 121 Oriole Company began the year with retained earnings of $119000. During 2022, the company

Multiple Choice Question 121 Oriole Company began the year with retained earnings of $119000. During 2022, the company issued $76000 of common stock for cash. The company recorded revenues of $746000, expenses of $650000, and paid dividends of $38000. What was Oriole's net income for the year 2022? $134000 $96000 $58000 $172000 Multiple Choice Question 90 Kingbird Corporation began business in 2020 by issuing 49000 shares of $5 par common stock for $9 per share and 4900 shares of 5%, $10 par preferred stock for par. At year end, the common stock had a market value of $10. On its December 31, 2020 balance sheet, Kingbird would report O Common Stock of $490000 O Common Stock of $441000. Paid-in Capital of $269500 Common Stock of $245000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
