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[SOLVED] The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $56,080

The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $56,080 Common Stock $10,729 Retained Earnings $60,351 Suppose next year the Baldwin Company generates $36,500 in net profit and pays $15,000 in dividends and total liabilities and common stock remain unchanged. What must their total assets be next year?

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  •  $148,660
  •  $127,160
  •  $178,660
  •  $71,080



honeyd


24-04-21 | 13:26:57

Asset=liability + equity
=56080+10729+60351+36500-15000
=148660

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