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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 Ivanhoe
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 Ivanhoe Company are $123,000 and the owner's equity is $274,000. What is the amount of Ivanhoe Company's total assets? Total assets $ (b) The total assets of Bridgeport Company are $188,000 and its owner's equity is $80,000. What is the amount of its total liabilities? Total liabilities $ (c) The total assets of Metlock Company are $809,000 and its liabilities are equal to one half of its total assets. What is the amount of Metlock Company's owner's equity? Owner's equity $
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