Question

Use the accounting equation to answer each question that follows. Show any calculations you make.
1. The assets of Dusan Corporation are $760,000, and the stockholders’ equity is $310,000. What is the amount of the liabilities?
2. The liabilities and stockholders’ equity of Bem Corporation are $130,000 and $159,000, respectively. What is the amount of the assets?
3. The liabilities of Acosta Corporation equal one-third of the total assets, and stockholders’ equity is $90,000. What is the amount of the liabilities?
4. At the beginning of the year, Larry Corporation’s assets were $620,000, and its stockholders’ equity was $300,000. During the year, assets increased $90,000 and liabilities decreased $45,000. What is the stockholders’ equity at the end of the year?



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  • CreatedSeptember 10, 2014
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