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The Baldwin Company currently has the following balances on their balance sheet: Total Assets $230,435 Total Liabilities $141,660 Retained Earnings $34,128 Suppose next year the
The Baldwin Company currently has the following balances on their balance sheet:
Total Assets $230,435 Total Liabilities $141,660 Retained Earnings $34,128
Suppose next year the Baldwin Company generates $44,200 in net profit, pays $12,000 in dividends, total assets increase by $55,000, and total liabilities remain unchanged. What will ending Baldwins balance in Common Stock be next year?
461,223 | |
77,447 | |
360,767 | |
141,847 |
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