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

question 146

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.If the company's revenues were $500,000 for the year ended December 31, 2015, how much were total expenses?

• A)$160,000
• B)$260,000
• C)$640,000
• D)$740,000

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