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Use the basic accounting equation to answer these questions. (a) The liabilities of Sandhill Company are $91,200 and the stockholdersequity is $238,000. What is the
Use the basic accounting equation to answer these questions. (a) The liabilities of Sandhill Company are $91,200 and the stockholdersequity is $238,000. What is the amount of Sandhill's total assets? Total assets $ (b) The total assets of Blue Company are $196,000 and its stockholders' equity is $82,000. What is the amount of its total liabilities? Total liabilities $ (c) The total assets of Indigo Co. are $760,000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Indigo's stockholders' equity? Stockholders' equity $
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