Midyear on July 31st, the Baldwin Corporation's balance sheet reported: Total Liabilities of $25.710 million Cash of $2.010 million Total Assets of $41.640 million Retained Earnings of $9.053 million. What was the Baldwin Corporation's common stock

$6.877 million

Explanation:

As we know that

Total Assets = Total Liabilities + Total Stockholders' Equity

Total Assets = Total Liabilities + (Retained Earnings + Total Common Stock)

$41.640 million = $25.710 million + $9.053 million + common stock

$41.640 million = $34.763 million + common stock

So, the common stock is

= $41.640 million - $34.763 million

= $6.877 million

We simply applied the accounting equation in this question

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two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.