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BE1.4 (LO 3), AP Use the accounting equation to answer each of the following questions. a. The liabilities of Olga Company are $90,000. Common stock

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BE1.4 (LO 3), AP Use the accounting equation to answer each of the following questions. a. The liabilities of Olga Company are $90,000. Common stock account is $150,000; dividends are $40,000; revenues, $450,000; and expenses, $320,000. What is the amount of Olga Company's total assets? b. The total assets of Lafayette Company are $57,000. Common stock account is $23,000; dividends are $7,000; revenues, $50,000; and expenses, $35,000. What is the amount of the company's total liabilities? c. The total assets of Dierdorf Co. are $600,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Dierdorf Co.'s stockholders' equity? Identify assets, liabilities, and stockholders' equity

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