The baldwin company currently has the following balances on their balance sheet: assets $180,506 common stock $11,365 retained earnings $92,472 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?

The total liabilities for the next year amount to 37163 $.

Explanation:

To calculate the liability we will use the simple equation given below.

Asset-equity=liability

Assets-RE=Liability

                        Current year      Change*        Next Year

Assets                  180,506.00    29,506.00        151,000.00  

Common Stock   (11,365.00)         0               (11,365.00)

Retain Earning  (92,472.00)  (10,000.00)      (102,472.00)

Liability- BaL figure   76,669.00                           37,163.00  

*Retain earning= Net profit- dividend  

Hence balancing figure that is 37,163 dollars is liabilty for next year,  

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number