Question
Use the accounting equation to answer each of the following questions: (Round answers to the nearest whole dollar, e.g. 5,275.) (a) The liabilities of Carla
Use the accounting equation to answer each of the following questions:(Round answers to the nearest whole dollar, e.g. 5,275.)
(a)The liabilities of Carla Vista Company are $116,000 and the owner's equity is $264,000. What is the amount of Carla Vista Company's total assets?
Total assets$=
(b)The total assets of Martinez Company are $183,000 and its owner's equity is $95,000. What is the amount of its total liabilities?
Total liabilities$=
(c)The total assets of Tamarisk Company are $812,000 and its liabilities are equal to one half of its total assets. What is the amount of Tamarisk Company's owner's equity?
Owner's equity$=
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