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Use the accounting equation to answer each of the following questions. (a) The liabilities of Pharoah Company are t88,000. Share capital-ordinary is t146,000; dividends are
Use the accounting equation to answer each of the following questions. (a) The liabilities of Pharoah Company are t88,000. Share capital-ordinary is t146,000; dividends are t89,000; revenues, t447,000; and expenses, +322,000. What is the amount of Pharoah's total assets? Alli Company's total assets t (b) The total assets of Kalim Company are t64,000. Share capital-ordinary is t22,000; dividends are +5,400; revenues, t48,000; and expenses, t41,000. What is the amount of the company's total liabilities? Company's total liabilities t (c) The total assets of Siram Co. are t456,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Siram Co.'s equity? Siram Cols equity? t
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