Question
Use the basic accounting equation to answer these questions. (a) The liabilities of Cullumber Company are $96,300 and the stockholders equity is $256,000. What is
Use the basic accounting equation to answer these questions. (a) The liabilities of Cullumber Company are $96,300 and the stockholders equity is $256,000. What is the amount of Cullumbers total assets?
Total assets | $enter a dollar amount |
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(b) The total assets of Vaughn Company are $182,000 and its stockholders equity is $90,000. What is the amount of its total liabilities?
Total liabilities | $enter a dollar amount |
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(c) The total assets of Riverbed Co. are $900,000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Riverbeds stockholders equity?
Stockholders equity | $enter a dollar amount |
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