If next year assets decrease by 4000000 and liabilities


Question - Baldwin's balance sheet has $80,347,000 in equity. If next year, assets decrease by $4,000,000 and liabilities increase by $2,000,000, what will be Baldwin's book value?

$74,347,000

$82,347,000

$30,020,000

$78,347,000

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Accounting Basics: If next year assets decrease by 4000000 and liabilities
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