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5. Golden Company had these transactions during the accounting period. ***Sold merchandise for $600; the cost was $400. ***Collected $400 from an account receivable. The
5. Golden Company had these transactions during the accounting period. ***Sold merchandise for $600; the cost was $400. ***Collected $400 from an account receivable. The account was established in the previous year. ***Used office supplies of $50. Golden's net income for the period would be? A. $ 50. B. $900. C. $600. D. $150
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