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sergejj [24]
3 years ago
15

The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $135,759 Common Stock $52,705

Retained Earnings $40,723 Suppose next year the Baldwin Company generates $36,500 in net profit and pays $15,000 in dividends and total liabilities and common stock remain unchanged. What must their total assets be next year? Select: 1 $229,187 $93,429 $250,687 $280,687
Business
1 answer:
LiRa [457]3 years ago
8 0

Answer:

The correct option is the third one,$250,687

Explanation:

The key to ascertaining is accounting equation which that assets equal capital plus liabilities.

This implies that by determining the capital and liabilities,total assets sorted out.

  Common stock                                    $52,705

  *Retained earnings for the year          $62,223

Total equity and retained earnings     $114,928

total liabilities                                        $135,759

Total equity and liabilities                     $250,687

Total assets=total equity and liabilities=$250,687

Retained earnings for the year=prior year retained earnings+net profit-dividends paid

prior year retained earnings $40,723

net profit is $36,500

dividends is $15,000

*retained earnings for the year=$40,723+$36,500-$15,000=$62223

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Answer:

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4 years ago
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B

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3 0
3 years ago
EB4.
avanturin [10]

Answer:

Fixed and Variable cost:

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Variable cost are the costs which changes with change in the level of output produced and sold.

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Period costs refers to the cost which are incurred for a certain period of time. It is normally associated with the time period than with any type of transactional event.

Therefore, the classification of items is as follows:

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(b) Variable cost - Product cost

(c) Fixed cost - Period cost

(d) Fixed cost - Period cost

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Answer:

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5 0
3 years ago
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