Business, 25.11.2019 21:31 cyclonenetwork1188

Golden enterprises started the year with the following: assets $111,000; liabilities $39,000; common stock $69,000; retained earnings $3,000.during the year, the company earned revenue of $5,900, all of which was received in cash, and incurred expenses of $3,450, all of which were unpaid as of the end of the year. in addition, the company paid dividends of $1,900 to owners. assume no other activities occurred during the year. what was the amount of net income for the year? a. $2,450b. $5,900c. $3,450d. $1,900

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Golden enterprises started the year with the following: assets $111,000; liabilities $39,000; comm...

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