| 71. 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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