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Question 1 of 12 - 725 III View Policies Current Attempt in Progress Use the expanded accounting equation to answer each of the following questions.
Question 1 of 12 - 725 III View Policies Current Attempt in Progress Use the expanded accounting equation to answer each of the following questions. (a) The liabilities of Blossom Company are $90,000. Owner's capital is $156,000; drawings are $84,000; revenues, $446,000; and expenses, $320,000. What is the amount of Blossom Company's total assets? Total assets $ (b) The total assets of Sierra Company are $57,000. Owner's capital is $15,000; drawings are $7,000; revenues, $45,000; and expenses, $29,000. What is the amount of the company's total liabilities? Total liabilities $ (c) The total assets of Birch Co. are $612,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Birch Co.'s owner's equity? Owner's equity $
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