Question: .C https:/ Submi 9 Golden Enterprises started the year with the following: Assets $100,000 Liablities $30000. Common Stock $60000 $10.000 During the year, the company
.C https:/ Submi 9 Golden Enterprises started the year with the following: Assets $100,000 Liablities $30000. Common Stock $60000 $10.000 During the year, the company earned revenue of $5.000, all of which was received in cash, and incurred expenses of $3,000, all of which were unpaid as of the end of the year. In addtion, the company paid dividends of $1.000 to owners. Assume no other activities occurred during the year 10 was the amount of Golden's net income for the year? 2 $5.000 53,000 K Prev 9 of to Next
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