Question
Your answer is incorrect. Try again. Use the expanded accounting equation to answer each of the following questions. (a) The liabilities of Roman Company are
Your answer is incorrect. Try again. | |
Use the expanded accounting equation to answer each of the following questions.
(a) The liabilities of Roman Company are $81,580. Owners capital account is $156,200; drawings are $85,680; revenues, $433,140; and expenses, $335,980. What is the amount of Roman Companys total assets?
Roman Companys total assets | $ |
(b) The total assets of Dylan Company are $66,590. Owners capital account is $27,070; drawings are $5,920; revenues, $43,170; and expenses, $33,570. What is the amount of the companys total liabilities?
Dylan Companys total liabilities | $ |
(c) The total assets of Capp Co. are $360,000and its liabilities are equal to two-thirds of its total assets. What is the amount of Capp Co.s owners equity?
Capp Co.s owners equity | $ |
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