Question: Brief Exercise 1-4 Use the accounting equation to answer each of the following questions. (a) The liabilities of Olga Company are $89,300. Common stock account

 Brief Exercise 1-4 Use the accounting equation to answer each of

Brief Exercise 1-4 Use the accounting equation to answer each of the following questions. (a) The liabilities of Olga Company are $89,300. Common stock account is $157,700; dividends are $90,670; revenues, $468,230; and expenses, $316,010. What is the amount of Olga Company's total assets? Olga Company's total assets (b) The total assets of Lafayette Company are $61,860. Common stock account is $17,880; dividends are $7,380; revenues, $46, 250; and expenses, $31,660. What is the amount of the company's total liabilities? Company's total liabilities s (c) The total assets of Dierdorf Co. are $570,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Dierdorf Co.'s stockholders' equity? Dierdorf Co.'s stockholders' equity

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