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July 24, 2014

Homework Help: accounting

Posted by Anonymous on Wednesday, July 30, 2008 at 8:30pm.

Baldwin Products Company anticipates reaching a sales level of $6 million in one year. The company expects net income during the next year to equal $400,000. Over the past several years, the company has been paying $50,000 in dividends to its stockholders. The company expects to continue this policy for at least the next year. The actual balance sheet and income statement for Baldwin during 2005 follow.

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