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 owners equity is $264,000. What is the amount of Carla Vista Companys total assets?
Total assets | $enter the total assets in dollars |
(b) The total assets of Martinez Company are $183,000 and its owners equity is $95,000. What is the amount of its total liabilities?
Total liabilities | $enter the Total liabilities in dollars |
(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 Companys owners equity?
Owner's equity | $enter the Owner's equity in dollars |
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