(a) The liabilities of Whispering Winds Company are $84,000. Common stock account is $151,000; dividends are $41,000; revenues, $461,000; and expenses, $334,000. What is the amount of Whispering Winds Company’s total assets? Total assets $ enter total assets in dollars (b) The total assets of Kingbird, Inc. are $57,000. Common stock account is $24,500; dividends are $8,500; revenues, $48,000; and expenses, $34,000. What is the amount of the company’s total liabilities? Total liabilities $ enter Total liabilities in dollars (c) The total assets of Dierdorf Co. are $600,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Dierdorf Co.’s stockholders’ equity? Stockholders’ equity $ enter Stockholders’ equity in dollars

Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter1: Accounting As A Form Of Communication
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Problem 1.4E: The Accounting Equation Ginger Enterprises began the year with total assets of $500,000 and total...
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(a) The liabilities of Whispering Winds Company are $84,000. Common stock account is $151,000; dividends are $41,000; revenues, $461,000; and expenses, $334,000. What is the amount of Whispering Winds Company’s total assets?

Total assets

$
enter total assets in dollars


(b) The total assets of Kingbird, Inc. are $57,000. Common stock account is $24,500; dividends are $8,500; revenues, $48,000; and expenses, $34,000. What is the amount of the company’s total liabilities?

Total liabilities

$
enter Total liabilities in dollars


(c) The total assets of Dierdorf Co. are $600,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Dierdorf Co.’s stockholders’ equity?

Stockholders’ equity

$
enter Stockholders’ equity in dollars

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