Use the basic accounting equation to answer these questions. (a) The liabilities of Lantz Company are $94,900 and the stockholders' equity is $279,000. What is the amount of Lantz Company's total assets? Total assets (b) The total assets of Salley Company are $194,000 and its stockholders' equity is $90,000. What is the amount of its total liabilities? Total liabilities (c) The total assets of Brandon Co. are $81 000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Brandon Co.'s stockholders' equity? Stockholders' equity $

Use the basic accounting equation to answer these questions. (a) The liabilities of Lantz Company are $94,900 and the stockholders' equity is $279,000. What is the amount of Lantz Company's total assets? Total assets (b) The total assets of Salley Company are $194,000 and its stockholders' equity is $90,000. What is the amount of its total liabilities? Total liabilities (c) The total assets of Brandon Co. are $81 000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Brandon Co.'s stockholders' equity? Stockholders' equity $

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter1: Accounting And The Financial Statements

Section: Chapter Questions

Problem 24BE: Brief Exercise 1-24 The Accounting Equation Financial information for three independent cases is as...

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