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Use the accounting equation to answer each of the following questions. (a) The liabilities of Sarasota Company are $84,000. Common stock account is $140,000; dividends
Use the accounting equation to answer each of the following questions. (a) The liabilities of Sarasota Company are $84,000. Common stock account is $140,000; dividends are $37,000; revenues, $437,000; and expenses, $317,000. What is the amount of Sarasota Company's total assets? Totalassets $ (b) The total assets of Wildhorse Co. are $60,000. Common stock account is $19,500; dividends are $5,500; revenues, $48,000; and expenses $39.000. What is the amount of the company's total liabilities? Totalliabilities $5 (c) The total assets of Dierdori Co. are $750,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Dierdorf Cois stockholders' equity? Stockholders' equity 5
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