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Use the basic accounting equation to answer these questions. ( a ) The liabilities of Blossom Company are $ 1 1 1 , 6 0
Use the basic accounting equation to answer these questions.
a The liabilities of Blossom Company are $ and the stockholders' equity is $ What is the amount of Blossom's total assets?
Total assets
$
b The total assets of Crane Company are $ and its stockholders' equity is $ What is the amount of its total liabilities?
Total liabilities
$
c The total assets of Cullumber Co are $ and its liabilities are equal to onefourth of its total assets. What is the amount of Cullumber's stockholders' equity?
Stockholders' equity
$
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