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Use the expanded accounting equation to answer each of the following questions. (a) The liabilities of Cullumber Company are 95,000. Share capital-ordinary is 140,000; dividends

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Use the expanded accounting equation to answer each of the following questions. (a) The liabilities of Cullumber Company are 95,000. Share capital-ordinary is 140,000; dividends are 81,000 ; revenues, 470,000; and expenses, 315,000. What is the amount of Cullumber's total assets? Cullumber's total assets (b) The total assets of Robert Company are 60,000. Share capitalordinary is 17,000; dividends are 8,200; revenues, 45,000; and expenses, 35,000. What is the amount of the company's total liabilities? Company's total liabilities (c) The total assets of Williams Co. are 2474,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Williams Co's equity? Williams Co.s equity

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