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Baldwin Shops, Inc. reported the following amounts on its balance sheet on December 31. NOTE: This is NOT the correct format of a Balance Sheet,
Baldwin Shops, Inc. reported the following amounts on its balance sheet on December 31. NOTE: This is NOT the correct format of a Balance Sheet, just accounts from the Balance Sheet listed in random order.
Account Title | Amount |
Current Assets | $ 140,000 |
Current Liabilities | $ 80,000 |
Property, Plant & Equipment | $ 420,000 |
Total Shareholders Equity | $ 420,000 |
Retained Earnings | $ 120,000 |
Total Liabilities | $ 210,000 |
Other Long-term Assets | $ 70,000 |
#3 Requirement:
Based on the above data, calculate the following:
Total Assets ______________
Long-term Liabilities ______________
Contributed Capital ______________
Total Liabilities & S/H Equity ______________
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