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The Baldwin company currently has the following balances on their balance sheet: Assets $212,772 Common Stock $48,260 Retained earnings $29,525 Suppose next year the Baldwin
The Baldwin company currently has the following balances on their balance sheet: Assets $212,772 Common Stock $48,260 Retained earnings $29,525 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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