Given the accounting equation, answer each of the following questions. (a) The liabilities of Buerhle Company are
Question:
(a) The liabilities of Buerhle Company are $120,000 and the owner’s equity is $232,000. What is the amount of Buerhle Company’s total assets?
(b) The total assets of Buerhle Company are $190,000 and its owner’s equity is $91,000. What is the amount of its total liabilities?
(c) The total assets of Buerhle Company are $800,000 and its liabilities are equal to one half of its total assets. What is the amount of Buerhle Company’s owner’s equity?
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Related Book For 
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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