(a) The liabilities of Weber Company are $120,000 and the owner’s equity is $232,000. What is the amount of Weber Company’s total assets?
(b) The total assets of Weber 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 Weber Company are $800,000 and its liabilities are equal to one-half of its total assets. What is the amount of Weber Company’s owner’s equity?

Answer rating: 100% (QA)

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