Question
CES 2 10 11-2 Brief Exercise 1-4 Use the expanded accounting equation to answer each of the following questions. (a) The liabilities of Kafka
CES 2 10 11-2 Brief Exercise 1-4 Use the expanded accounting equation to answer each of the following questions. (a) The liabilities of Kafka Company are $90,000. Owner's capital account is $150,000; drawings are $40,000; revenues, $450,000; and expenses, $320,000. What is the amount of Kafka Company's total a Total assets (b) The total assets of Rivera Company are $57,000. Owner's capital account is $25,000; drawings are $7,000; revenues, $52,000; and expenses, $25,000, what is the amount of the company's total abi Total abilities (c) The total assets of Alcorn Co. are $600,000 and its labies are equal to two-thirds of its total assets. What is the amount of Alcom Camer's quity? Owner's equity 2 M LACOKS anl Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential icy set te se instruct ulta.lv Stude
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