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Golden Enterprises started the year with the following: Assets $127,000; Labitities $43,000; Common Stock $73,000. Retained Earnings $11,000. During the year, the compary eamed revenue

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Golden Enterprises started the year with the following: Assets $127,000; Labitities $43,000; Common Stock $73,000. Retained Earnings $11,000. During the year, the compary eamed revenue of $6,700, all of which was recelved in cash, and incurred expenses of $3,850, all of which were unpaid as of the end of the year. in addition, the comparty paid dividends or $2,700 to cwmers. Assume no other activities occurred during the year. The amount of Golden's liabilities at the end of the year is: Multiple orouce $45.850 $43,000 $40150 $46.850

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