The financial statements for Macias Corporation contained the following information. Accounts receivable $ 5,000 Sales revenue 75,000

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The financial statements for Macias Corporation contained the following information.

Accounts receivable $ 5,000 Sales revenue 75,000 Cash 15,000 Salaries and wages expense 20,000 Rent expense 10,000 What was Macias Corporation's net income?

(a) $60,000.

(c) $65,000.

(b) $15,000.

(d) $45,000.

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Financial Accounting Tools For Business Decision Making

ISBN: 9781119316022

8th Edition

Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

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