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1 September, 00:18

Midyear on July 31st, the Baldwin Corporation's balance sheet reported: Total Liabilities of $101.255 million Cash of $8.040 million Total Assets of $163.111 million Retained Earnings of $34.226 million. What was the Baldwin Corporation's common stock

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  1. 1 September, 00:29
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    Stock = 27.629 million

    Explanation:

    Baldwin Corporation

    Balance Sheets

    Assets

    Cash of $8.040 million

    Total Assets $163.111 million

    Liabilities and Owner's Equity $163.111 million

    Stock 27.629 million

    Total Liabilities $101.255 million

    Retained Earnings $34.226 million

    According to Balance sheet approach total assets must equal total liabilities and Owner's Equity.

    Total assets including cash are given which are equal to $163.111 million and when we subtract total liabilities and retained earning from it we get the value of stock.

    Stock = Total Assets - Total Liabilities - Retained Earnings

    Stock = $163.111 million - $101.255 million-$34.226 million

    Stock = 27.629 million
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Home » Business » Midyear on July 31st, the Baldwin Corporation's balance sheet reported: Total Liabilities of $101.255 million Cash of $8.040 million Total Assets of $163.111 million Retained Earnings of $34.226 million.
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