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

Total Assets $244,667
Total Liabilities $143,533
Retained Earnings $46,205

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?

Accounting Basics, Accounting

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  • Reference No.:- M938467

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