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The Baldwin Company currently has the following balances on their balance sheet: Total Assets $170,808...

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Accounting

The Baldwin Company currently has the following balances on their balance sheet: Total Assets $170,808 Total Liabilities $70,202 Retained Earnings $89,392 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: 1

$98,414

$34,014

$174,418

$385,402

Answer & Explanation Solved by verified expert
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