The Baldwin company currently has the following balances on their balance sheet: Assets $255,569 Common...
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Accounting
The Baldwin company currently has the following balances on their balance sheet: Assets $255,569 Common Stock $55,426 Retained earnings $52,621 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?
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