Question

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

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Answer #1

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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