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Business, 27.06.2019 19:40 skydom654

Golden enterprises started the year with the following: assets $113,000; liabilities $39,500; common stock $69,500; retained earnings $4,000. during the year, the company earned revenue of $6,000, all of which was received in cash, and incurred expenses of $3,500, all of which were unpaid as of the end of the year. in addition, the company paid dividends of $2,000 to owners. assume no other activities occurred during the year. what was the amount of golden's net income for the year?

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