Bartlett Industries Bartlett Industries Began Operations on January 2, 2015, with an with an Investment

question 68

Multiple Choice

Bartlett Industries
Bartlett Industries began operations on January 2, 2015, with an investment of $50,000 by each of its two stockholders.Net income for its first year of business was $240,000.Bartlett Industries paid a total of $100,000 in dividends to its stockholders during the year.
-Read the information about Bartlett Industries.What is the company's retained earnings balance at December 31, 2015?

• A)$140,000
• B)$190,000
• C)$240,000
• D)$340,000

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Definitions:

Low-pressure Cells

Areas in the Earth's atmosphere where the air pressure is lower than that of the surrounding regions, often associated with wet weather conditions.

Predominant Natural Vegetation

The most common type of wild plants growing in a particular region without human intervention.

Climate

The average weather conditions of a region over a long period, typically including temperature, precipitation, humidity, and seasons.

Terrestrial Biomes

Large regions on Earth, characterized by specific climate conditions, plant communities, and wildlife, such as forests, deserts, and grasslands.