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Golden Corp., a merchandiser, recently completed its 2 0 1 9 operations. For the year, ( 1 ) all sales are credit sales, ( 2
Golden Corp., a merchandiser, recently completed its operations. For the year, all sales are credit sales, all credits to Accounts receivable reflect cash receipts from customers, all purchases of inventory are on credit, all debits to accounts payable reflect cash payments for inventory, Other expense are all cash expenses, and any change in Income Taxes payable reflects the accrual and cash payment of taxes. The company's balance sheets and income statement follow. points
GOLDEN CORPORATION
COMPARATIVE BALANCE SHEETS
DECEIVIBER ANO
Assets
Current Assets
Fixed Assets
Equipment
AD Equipment
Net Fixed Assets
table
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