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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Related Book For
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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