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rtCtrl35. Compute the missing financial amounts (a) and (b):Stockholders'Equity$31,500AssetsLiabilities(S millions)(a)$64,800Company A(b)$76,800Company B$121,500

Question
rt
Ctrl
35. Compute the missing financial amounts (a) and (b):
Stockholders'
Equity
$31,500
Assets
Liabilities
(S millions)
(a)
$64,800
Company A
(b)
$76,800
Company B
$121,500
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rt Ctrl 35. Compute the missing financial amounts (a) and (b): Stockholders' Equity $31,500 Assets Liabilities (S millions) (a) $64,800 Company A (b) $76,800 Company B $121,500

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Step 1

Accounting equation represents the relationship between the assets, liabilities, and owner’s equity of the entity. Assets are the value that a business owns and liabilities are debt that a business owe to others. Total assets is equal to total liabilities of the company and the stockholders ‘equity is the part of total liabilities therefore; equity is calculated by subtracting assets from liabilities. Given above is the accounting equation.

Total Assets Liabilities +Stockholder's equity
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Total Assets Liabilities +Stockholder's equity

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Step 2

In the above equation, the amount of liabilities has been calculated by deducting stockholder’s ...

Compute the amount of liabilities by using the equation given below:
Total Assets Liabilities + Stockholder's equity
$64,800 Liabilities + $31,500
Liabilities $64, 800- $31,500
Liabilities $33,300
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Compute the amount of liabilities by using the equation given below: Total Assets Liabilities + Stockholder's equity $64,800 Liabilities + $31,500 Liabilities $64, 800- $31,500 Liabilities $33,300

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