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 Wildhorse
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 Wildhorse Company are $128,000 and the owners equity is $251,000. What is the amount of Wildhorse Companys total assets?
Total liabilities | $ |
(b) The total assets of Novak Company are $181,000 and its owners equity is $84,000. What is the amount of its total liabilities?
Total liabilities | $ |
(c) The total assets of Windsor Company are $837,000 and its liabilities are equal to one half of its total assets. What is the amount of Windsor Companys owners equity?
Owner's equity | $ |
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