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Business, 20.12.2021 15:50 putaprincess16

Golden Enterprises started the year with the following: Assets $50,000; Liabilities $15,000; Common Stock $30,000; Retained Earnings $5,000. During the year, the company earned revenue of $2,500, all of which was received in cash, and incurred expenses of $1,500, all of which were unpaid as of the end of the year. In addition, the company paid dividends of $500 to owners. Assume no other activities occurred during the year. The amount of Golden's retained earnings at the end of the year is:

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Golden Enterprises started the year with the following: Assets $50,000; Liabilities $15,000; Common...
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