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The Baldwin company currently has the following balances on their balance sheet: Assets $180,090 Common Stock $12,907 Retained earnings $92,633 Suppose next year the Baldwin
The Baldwin company currently has the following balances on their balance sheet: Assets $180,090 Common Stock $12,907 Retained earnings $92,633 Suppose next year the Baldwin Company generates $20,000 in net profit, pays $10,000 in dividends, assets change to $151,000, and common stock remains unchanged. What must their total liabilities be next year?
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