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What the effect on the balance sheet would be

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Question 1: If Baldwin issued 1000 shares of common stock at last year's end price, the effect on the balance sheet would be:

Closing price was $64.29

Retained earnings would increase by $64,288

Equity would decrease by $6,429

Equity would increase by $64,288

Retained earnings would increase by $6,429

Reference no: EM132620177

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