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In 2019, McMillan Company reported total revenue on account of $50,000. During the year, the company received $20,000 from the account receivable. The total expenses
In 2019, McMillan Company reported total revenue on account of $50,000. During the year, the company received $20,000 from the account receivable. The total expenses paid during the year amount to $28,000. The dividend paid is $5,000. Net income for the period was a. $ 22,000 b. $17,000 c. $ 42,000 d. $37,000
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