Question: Use the accounting equation to answer each question that follows

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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