Use the basic accounting equation to answer these questions. (a) The liabilities of Lantz Company are $94,900 and the stockholders' equity is $279,000. What is the amount of Lantz Company's total assets? Total assets (b) The total assets of Salley Company are $194,000 and its stockholders' equity is $90,000. What is the amount of its total liabilities? Total liabilities (c) The total assets of Brandon Co. are $81 000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Brandon Co.'s stockholders' equity? Stockholders' equity $
Use the basic accounting equation to answer these questions. (a) The liabilities of Lantz Company are $94,900 and the stockholders' equity is $279,000. What is the amount of Lantz Company's total assets? Total assets (b) The total assets of Salley Company are $194,000 and its stockholders' equity is $90,000. What is the amount of its total liabilities? Total liabilities (c) The total assets of Brandon Co. are $81 000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Brandon Co.'s stockholders' equity? Stockholders' equity $
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter1: Introduction To Accounting And Business
Section: Chapter Questions
Problem 4E: Accounting equation The total assets and total liabilities (in millions) of McDonalds Corporation...
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![Use the basic accounting equation to answer these questions.
(a) The liabilities of Lantz Company are $94,900 and the stockholders' equity is $279,000. What is the amount of Lantz Company's total assets?
Total assets
(b) The total assets of Salley Company are $194,000 and its stockholders' equity is $90,000. What is the amount of its total liabilities?
Total liabilities
(c) The total assets of Brandon Co. are $81
000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Brandon Co.'s stockholders' equity?
Stockholders' equity
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9a10f7dd-e552-4c8e-baeb-0329cbd10d34%2Fcc60fa95-e05c-4185-addc-fafefdc32e32%2Fsnejv39.png&w=3840&q=75)
Transcribed Image Text:Use the basic accounting equation to answer these questions.
(a) The liabilities of Lantz Company are $94,900 and the stockholders' equity is $279,000. What is the amount of Lantz Company's total assets?
Total assets
(b) The total assets of Salley Company are $194,000 and its stockholders' equity is $90,000. What is the amount of its total liabilities?
Total liabilities
(c) The total assets of Brandon Co. are $81
000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Brandon Co.'s stockholders' equity?
Stockholders' equity
$
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