The financial statements for Harold Corporation contained the following information: Accounts receivable Sales revenue Cash $5,000 75,000 15,000 Salaries and wages expense 20,000 Rent expense 10,000 How much was Harold's net income? a. $60,000 b. $15,000 c. $65,000 d. $45,000

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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How much was Harold's income on these financial accounting question?

The financial statements for Harold Corporation contained the following information:
Accounts receivable
Sales revenue
Cash
$5,000
75,000
15,000
Salaries and wages expense 20,000
Rent expense
10,000
How much was Harold's net income?
a. $60,000
b. $15,000
c. $65,000
d. $45,000
Transcribed Image Text:The financial statements for Harold Corporation contained the following information: Accounts receivable Sales revenue Cash $5,000 75,000 15,000 Salaries and wages expense 20,000 Rent expense 10,000 How much was Harold's net income? a. $60,000 b. $15,000 c. $65,000 d. $45,000
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