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What must their total liabilities be next year

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Question - The Baldwin company currently has the following balances on their balance sheet: Assets $245,238 Common Stock $57,539 Retained earnings $40,350 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?

Reference no: EM133086083

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