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

question 146

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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?


Definitions:

Middle Term

In a syllogism, the term that appears in both premises but not in the conclusion, serving as the link between the major and minor premise.

Syllogism

A form of reasoning in which a conclusion is drawn from two given or assumed propositions, each of which shares a common or middle term.

Premises

Statements or propositions from which a conclusion is logically derived in an argument.

Categorical Syllogism

A logical argument composed of three statements, where the first two are premises leading logically to a conclusion.

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