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The Baldwin Company currently has the following balances on their balance sheet: Total Assets $130,692 Total Liabilities $57,915 Retained Earnings $62,384 Suppose next year the
The Baldwin Company currently has the following balances on their balance sheet:
Total Assets $130,692
Total Liabilities $57,915
Retained Earnings $62,384
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? Select: 1
$33,193 | |
$97,593 | |
$149,023 | |
$305,991 |
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