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CALCULATOR PRINTER VERSION BACK NEXT Brief Exercise 1-04 Use the accounting equation to answer each of the following questions. (a) The liabilities of Bridgeport Company
CALCULATOR PRINTER VERSION BACK NEXT Brief Exercise 1-04 Use the accounting equation to answer each of the following questions. (a) The liabilities of Bridgeport Company are $90,000. Common stock account is $143,000; dividends are $37,000; revenues, $455,000; and expenses, $318,000. What is the amount of Bridgeport Company's total assets? Total assets (b) The total assets of Concord Corporation are $59,500. Common stock account is $20,500; dividends are $9,000; revenues, $49,500; and expenses, $33,500. What is the amount of the company's total liabilities? 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? Stockholders' equity $ LINK TO TEXT
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