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What will ending baldwins balance in common stock

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Reference no: EM132484679

The Baldwin Company currently has the following balances on their balance sheet:

Total Assets $137,459

Total Liabilities $58,600

Retained Earnings $70,305

Question 1: 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?

Select:

Option 1: $148,554

Option 2: $31,354

Option 3: $95,754

Option 4: $321,364

Reference no: EM132484679

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