Baldwin's balance sheet has $79,959,000 in equity. Next year they expect Assets to increase by $4,000,000 and Liabilities to decrease by $2,000,000. If that happens, what will be Baldwin's book value?
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Answer:
$80,882,000
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The correct answer is d. $80,882,000
Equity78,882,000Increase in Assets4,000,000Liabilities-2,000,000Book Value80,882,000
The increase is...
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