Chapter 1, Problem 1.3BE

(a)

To determine

Basic Accounting Equation

The mathematical equation that shows the relationship among the different categories of a balance sheet, such as assets, liabilities, and stockholders’ equity of a company is referred to as the “basic accounting equation.” It is represented as below:

$\text{Assets}=\text{Liabilities}+\text{Stockholders' equity}$

The amount of total stockholders' equity of Company C at the end of the year.

(b)

To determine

The amount of total assets of Company C at the end of the year.

(c)

To determine

The amount of total liabilities of Company C at the end of the year.