Presented Below Is a Partially Completed Balance Sheet for Baldin

question 25

Essay

Presented below is a partially completed balance sheet for Baldin, Inc., at December 31, 2017, together with comparative data for the year ended December 31, 2016. From the Statement of Cash Flows for the year ended December 31, 2017, you determine that:
• Net income for the year ended December 31, 2017, was $106,000.• Dividends paid during the year ended December 31, 2017, were $42,000.• Accounts receivable increased $14,000 during the year ended December 31, 2017.• The cost of new buildings acquired during 2017, was $85,000.• No buildings were disposed of during 2017.• The land account was not affected by any transactions during the year, but the fair value of the land at December 31, 2017, is $210,000.Required:
(a.) Complete the December 31, 2017, balance sheet.(b.) Prepare a statement of cash flows for the year ended December 31, 2017.

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Definitions:

Strikers

Workers who refuse to work as part of an organized effort to press for changes from their employer, such as better working conditions or increased pay.

Welfare Unionism

A form of unionism that focuses on improving the immediate work environment and living standards of workers, including benefits like health insurance and pensions.

Bribery

The act of offering, giving, receiving, or soliciting something of value as a means of influencing the actions of an individual holding a public or legal duty.

Industrial Democracy

A concept and practice that seeks to include employees in the decision-making processes of businesses, with the goal of creating more egalitarian workplaces.