midyear on July 31st, the Baldwin corporation balance sheet reported: Total Liabilities of $25.523 million Cash...
midyear on July 31st, the Baldwin corporation balance sheet reported:
Total Liabilities of $25.523 million
Cash of $2.010 million
total assets of $41.142 million
retain earnings of $8.721 million
what was the Baldwin corporations common stock?
a. 26.350 million
b. 6.898 million
c. 24.340 million
d. 8.908 million
Homework Answers
Common stock =Total assets-total liabilities-retained earnings
Common stock =41.142-25.523-8.721
Common stock =6.898 million
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