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[SOLVED] The Baldwin company currently has the following balances on their balance sheet:

The Baldwin company currently has the following balances on their balance sheet: Assets $219,040 Common Stock $52,266 Retained earnings $34,045 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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  •  $54,689
  •  $34,689
  •  $132,729
  •  $106,955



honeyd


20-04-21 | 21:51:22

Liability=asset-retained earning-stock
=151000-52266-34045-10000
=54689

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