Lewis Inc. the following information was taken from various accounts for 2015: sales rebates $41,000 unearned revenue $32,000 total sales $459,000 purchase rebates $15,000 sales rebates $35,000 accounts receivable $205,000 what was the net income of lewis inc. in 2015 ?
Answer 1
The answer is: net income = $383,000.
Accounts receivable, unearned revenue and purchase discounts are not taken into account in the calculation of net income.
answer 2
I think it’s b but I’m not sure
answer 3
vs. clarify customer doubts only upon request.