The financial records for harold corporation included the following information: accounts receivable, $60,000 accounts payable, $25,000 cash, $15,000 common stock, $10,000 dividends, $5,000 rent expense, $10,000 sales revenue, $75,000 salaries and wages expense, $20,000 based on this information, how much was its net income?

=$45,000

Explanation:

Net income = sales revenues - Expenses

For Harold Corporation;

sales revenues = $ 75,000

Expenses = Rent income $ 10,000

Salaries and wages  expenses $20,000

Total expenses = 10+20= $ 30,000

Net income  = $75,000- $30,000

= $45,000

Dividends, common stocks,  accounts payable, and accounts receivables are not expenses relating to income-generating activities of the business; hence do not appear in the income statement.

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

the correct answer is - no.

winnipeg, canada, is not further away from the equator than moscow, russia, in fact moscow is the city that is further away from the equator. moscow is on a latitude of 55.7558° north, while winnipeg is on a latitude of 49.8951° north, thus putting moscow by 5.8607° further away from the equator than winnipeg is.