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
b
Business
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Companies use interactive marketing to accomplish all of the following objectives, except:
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Proceeds on issuance and repayment of the principal on short-term notes payable are generally reported as financing activities on the statement of cash flows
Indicate whether the statement is true or false.
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