golden company had the following accounts and balances at the end of the year. what are total assets at the end of the year?

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19-12-2022
Business

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golden company had the following accounts and balances at the end of the year. what are total assets at the end of the year?

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AarushiAanand AarushiAanand · Answer 1 · 2022-12-23T14:10:03-05:00

The golden company had the following accounts and balances at the end of the year. Accounts Payable $18,000 are total assets at the end of the year.

The assets is a set of collection like stock, gold etc, which has the chance to increase the price of the current market-price.

The accounts payable is the amount that transact after the selling of the gold products. It can include the depositing funds, and card transaction. The importance of asset is basically give strong impact on the IPO time, more investor can invest in the business if they have more assets.

The more assets reflects the good image of the business or company and show it is financially well and earn profitable by the selling more goods or services.

The Accounts Payable $18,000 are total assets at the end of the year.

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