Use the accounting equation to answer each question that follows. Show any calculations you make.

1. The assets of Dusan Corporation are $400,000, and the stockholders’

equity is $155,000. What is the amount of the liabilities?

2. The liabilities and stockholders’ equity of Highbeam Corporation are

$72,000 and $79,500, respectively. What is the amount of the assets?

3. The liabilities of Acosta Corporation equal one-third of the total assets, and stockholders’ equity is $160,000. What is the amount of the liabilities?

4. At the beginning of the year, Leary Corporation’s assets were $275,000, and its stockholders’ equity was $150,000. During the year, assets increased

$75,000 and liabilities decreased $22,500. What is the stockholders’ equity at the end of the year?

Identification of Accounts