Select financial information for three corporations follows:

Requirements
1. Compute the missing amount in the accounting equation for each entity.
2. List the seven main characteristics of a corporation.
3. Which accounting concept tells us that the previous three corporations will continue to exist in thefuture?

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Liabilitics Stockholders' Equity Assets New Rock Gas DJ Vidco Rentals Corner Grocery $50,000 32,000 $24,000 75,000 53,000 100,000