Answered: Krammer Company has liabilities equal…

Krammer Company has liabilities equal to one-fourth of the total assets. Krammer's stockholders' equity is $45,000. Using the accounting equation, what is the amount of liabilities for Krammer?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...

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Krammer Company has liabilities equal to one-fourth
of the total assets. Krammer's stockholders' equity is
$45,000. Using the accounting equation, what is the
amount of liabilities for Krammer?

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