During 2011, Yoder Enterprises Generated Revenues of $90,000

Multiple Choice

During 2011, Yoder Enterprises generated revenues of $90,000.The company's expenses were as follows: cost of goods sold of $45,000, operating expenses of $18,000 and a loss on the sale of equipment of $3,000. Yoder's net income is

A) $90,000.
B) $45,000.
C) $27,000.
D) $24,000.