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:

Complex Tasks

Tasks that involve multiple steps, require a high level of attention and skill, and often need to be solved with creative or non-linear thinking.

Rules And Procedures

Established guidelines and systematic methods designed to regulate behavior and facilitate the operation of organizations.

Collective Efficacy

Shared beliefs that a team can successfully perform a given task.

Team Cohesiveness

The extent to which members of a group are bonded, leading to a strong sense of solidarity and commitment towards collective goals.