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Find what will ending baldwins balance in common stock be

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Reference no: EM132973041

Problem 1: The Baldwin Company currently has the following balances on their balance sheet: Total Assets $145,366 Total Liabilities $62,454 Retained Earnings $71,247 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?

Reference no: EM132973041

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