Been There Used Furniture
Been There Used Furniture began operations on January 1, Year 1, with an initial investment of $100,000 from each of its five shareholders. During the year, the company had net income of $200,000 and paid dividends of $50,000.
-Refer to the figure Been There Used Furniture.If the company's revenues were $500,000 for the year ended December 31,Year 1,how much were total expenses?
A) $250,000
B) $300,000
C) $350,000
D) $800,000
Correct Answer:
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