Brief Exercise 1-2

Given the accounting equation, answer each of the following questions. (a) The liabilities of Holland Company are $129,500 and its stockholders equity is $234,000. What is the amount of Holland Companys total assets?

Holland Companys total assets

$

(b) The total assets of Holland Company are $182,000 and its stockholders equity is $89,500. What is the amount of its total liabilities?

Holland Companys total liabilities

$

(c) The total assets of Holland Company are $817,000 and its liabilities are equal to one-half of its total assets. What is the amount of Holland Companys stockholders equity?

Holland Companys owners equity

$