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A. IF CALDWELL CO'S TOTAL ASSETS IS $ 40,000 AND ITS EQUITY IS $ 10,000, HOW MUCH IS THE TOTAL LIABILITIES? B. THE TOTAL OF

A. IF CALDWELL CO'S TOTAL ASSETS IS $ 40,000 AND ITS EQUITY IS $ 10,000, HOW MUCH IS THE TOTAL LIABILITIES?
B. THE TOTAL OF WATERWORLD ASSETS IS $ 55,000, AND THE AMOUNT OF LIABILITIES AND EQUITY IS THE SAME, SO HOW MUCH WILL THE TOTAL OF LIABILITIES BE? HOW MUCH WILL THE TOTAL EQUITY BE? 

C. OFFICE MART HAS ASSETS FOR $ 123,000 AND LIABILITIES FOR $ 53,000 AT THE END OF THE YEAR. DETERMINE YOUR TOTAL EQUITY.

D. AT THE BEGINNING OF THE YEAR, LOGAN CO. I HAD ASSETS FOR $ 200,000 AND EQUITY FOR $ 150,000.DURING THE YEAR THEIR ASSETS INCREASED BY $ 70,000 AND THE LIABILITIES THEY INCREASED BY $ 30,000. DETERMINE YOUR EQUITY AT THE END OF THE YEAR. 
 

 

 

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