1. The liabilities of the Smith Company are $120,000 and its owner's equity is $232,000. What is the amount of the company's total assets?
2. The total assets of the Jones Company are $190,000 and its owner's equity is $91,000. What is the amount of the company's total liabilities?
3. The total assets of the Greene Company are $800,000 and its liabilities are equal to one-half of its total assets. What is the amount of the company's owner's equity?
4. Beginning the new year, the Orange Company had total assets of $800,000 and total liabilities of $300,000. If total assets increased $150,000 during the year and total liabilities decreased $80,000, what is the owner's equity total at the end of the year?
5. Beginning the new year, the Orange Company had total assets of $800,000 and total liabilities of $300,000. If, during the year, the Orange Company's total liabilities increased $100,000 and its owner's equity decreased $70,000, what is the company's ending amount of total assets?
6. Beginning the new year, the Orange Company had total assets of $800,000 and total liabilities of $300,000. If total assets decreased $80,000 and its owner's equity increased $120,000 during the year, what is the company's year-end total liabilities amount?