Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

(a) The liabilities of Ayayai Company are $90,000. Common stock account is $152,000; dividends are $37,000; revenues, $462,000; and expenses, $320,000. What is the amount

image text in transcribed
(a) The liabilities of Ayayai Company are $90,000. Common stock account is $152,000; dividends are $37,000; revenues, $462,000; and expenses, $320,000. What is the amount of Ayayai Company's total assets? Total assets (b) The total assets of Blue Spruce Corp, are $60,000. Common stock account is $19,000; dividends are $5,000; revenues, $50,500; and expenses, $35,500. What is the amount of the company's total liabilities? Total liabilities $ (c) The total assets of Dierdorf Ca are $645,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Dierdorf Co's stockholders' equity? Stockholders equity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions