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The financial statements for joseph corporation contained

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Reference no: EM13572611

The financial statements for Joseph 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 Joseph Corporation"s net income?

(a) $60,000. (c) $65,000.

(b) $15,000. (d) $45,000.

Reference no: EM13572611

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