Question
Use the accounting equation to answer each of the following questions. 1. The liabilities of Olga Company are $94,070. Common stock account is $148,300; dividends
Use the accounting equation to answer each of the following questions.
1. The liabilities of Olga Company are $94,070. Common stock account is $148,300; dividends are $96,210; revenues, $445,720; and expenses, $304,650. What is the amount of Olga Companys total assets?
2 .Olga Companys total assets $ (b) The total assets of Lafayette Company are $57,030. Common stock account is $26,760; dividends are $8,030; revenues, $48,720; and expenses, $41,770. What is the amount of the companys total liabilities?
3. The total assets of Dierdorf Co. are $570,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Dierdorf Co.s stockholders equity?
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