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Use the accounting equation to answer each of the following questions. (a) The liabilities of Pronghorn Company are $94,000. Common stock account is $147,000;
Use the accounting equation to answer each of the following questions. (a) The liabilities of Pronghorn Company are $94,000. Common stock account is $147,000; dividends are $45,000; revenues, $444,000; and expenses, $312,000. What is the amount of Pronghorn Company's total assets? Total assets (b) The total assets of Tamarisk, Inc. are $56,000. Common stock account is $23,500; dividends are $6,500; revenues, $50,000; and expenses, $32,000. What is the amount of the company's total liabilities? Total liabilities (c) The total assets of Dierdorf Co. are $540,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Dierdorf Co.'s stockholders' equity? Stockholders' equity $
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