Garrison Industries Garrison Industries Began Operations on January 2,2014,with an Investment

question 152

Multiple Choice

Garrison Industries Garrison Industries began operations on January 2,2014,with an investment of $50,000 by each of its two stockholders.Net income for its first year of business was $240,000.Garrison Industries paid a total of $100,000 in dividends to its stockholders during the year.
Read the information about Garrison Industries.If the company's revenues were $500,000 for the year ended December 31,2014,how much were total expenses?

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

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Definitions:

Adaptive Behavior

The collection of conceptual, social, and practical skills that people have learned to perform daily functions.

Subjective Discomfort

The personal experience of distress or unease, which can be a symptom in psychological disorders.

Emotional Distress

A state of emotional suffering typically characterized by feelings of anxiety, depression, grief, or anguish.

Subjective Discomfort

Personal feelings of unease, distress, or discomfort which may not be visible or known to others.