Respuesta :
Midyear on July 31st, the baldwin corporation's balance sheet reported $44.941 million were the Baldwin corporation's retained earnings.
Common Stock= [Total Assets - Total Liabilities - Retained Earnings]
3.810 = [$125.899 million- $77.148 million - retained earnings]
Retained earnings=125.899 -77.148 -3.810
= $44.941 million
What is retained earnings?
The amount of profit a business keeps after paying all of its direct and indirect expenses, income taxes, and dividends to shareholders is known as retained profits. This is the percentage of the company's equity that may be utilised, for example, to fund the purchase of new machinery, research and development, and marketing.
The historical profits of a company that have not been distributed as dividends are referred to as retained earnings. It is reflected in the balance sheet's equity section. It represents the total amount of earnings a company has made ever since its inception.
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Midyear on July 31st, the baldwin corporation's balance sheet reported $44.941 million were the Baldwin corporation's retained earnings.
What exactly is retained income?
Retained profits are the earnings that a company keeps after paying all of its direct and indirect costs, income taxes, and dividends to shareholders. This is the portion of the company's equity that can be used, for instance, to pay for new machinery, R&D, and marketing.
Retained earnings are the prior profits of a corporation that have not been paid out as dividends. It is shown in the equity section of the balance sheet. It indicates the overall revenue that a business has generated since its inception.
Common Stock= [Total Assets - Total Liabilities - Retained Earnings]
3.810 = [$125.899 million- $77.148 million - retained earnings]
Retained earnings=125.899 -77.148 -3.810
= $44.941 million
To know more about retained earnings, click here- brainly.com/question/23549885
#SPJ1
