Use the basic accounting equation to answer the following: a. Kendrick Company has total assets of...

Transcribed Image Text:

Use the basic accounting equation to answer the following: a. Kendrick Company has total assets of $75,000 and total liabilities of $45,000. How much is the company's total stockholders' equity? $ 0 b. Gassol Company has total liabilities of $60,000 and total stockholders' equity of $56,250. What are the company's total assets? $ 0 c. If Brown Company's total assets increased by $11,250 during the year and its total liabilities decreased during the same year by $7,500, what was the change in the company's total stockholders' equity? $ 0 Use the basic accounting equation to answer the following: a. Kendrick Company has total assets of $75,000 and total liabilities of $45,000. How much is the company's total stockholders' equity? $ 0 b. Gassol Company has total liabilities of $60,000 and total stockholders' equity of $56,250. What are the company's total assets? $ 0 c. If Brown Company's total assets increased by $11,250 during the year and its total liabilities decreased during the same year by $7,500, what was the change in the company's total stockholders' equity? $ 0