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:

Rovee-Collier

A reference to Carolyn Rovee-Collier, known for her research in infant memory and learning capabilities.

Experiment

A research method in which the researcher adds one variable (called the independent variable) and then observes the effect on another variable (called the dependent variable) in order to learn if the independent variable causes change in the dependent variable.

Memory Session

A period dedicated to memorizing or recalling information from one's past experiences.

Binocular Vision

The ability to focus the two eyes in a coordinated manner in order to see one image.