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Use the accounting equation to answer each question that follows. Show any calculations you make. The assets of Router, Inc. are $7,500,000 and stockholders equity

Use the accounting equation to answer each question that follows. Show any calculations you make.

  1. The assets of Router, Inc. are $7,500,000 and stockholders equity is $1,810,000. What are total liabilities?
  2. The liabilities and stockholders equity of Gray Corporation are $550,000 and $250,000, respectively. What is the amount of assets?
  3. For the year 2020, Fluffer Inc.s beginning retained earnings was $1,200,000. In 2020 Fluffer earned $45,000 net income and paid a cash dividend of $1 per share of common stock. The number of outstanding shares of common stock was 10,000. What is ending retained earnings?
  4. At the beginning of the year, Carmody Corporations assets were $520,000 and its stockholders equity was $235,000. During the year, assets increased $50,000 and liabilities decreased $25,000. What is stockholders equity at the end of the year?

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