Question: Brief Exercise 1-08 Use the basic accounting equation to answer these questions. (a) The liabilities of Oriole Company are $95,000 and the stockholders' equity is

Brief Exercise 1-08 Use the basic accounting equation to answer these questions. (a) The liabilities of Oriole Company are $95,000 and the stockholders' equity is $279,000. What is the amount of Oriole's total assets? Total assets (b) The total assets of Skysong Company are $183,000 and its stockholders' equity is $87,000. What is the amount of its total abilities? Total liabilities (c) The total assets of Cheyenne Co. are $905,000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Cheyenne's stockholders' equity? Stockholders' equity

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