Question: Brief Exercise 1-4 Use the accounting equation to answer each of the following questions. (a) The liabilities of Olga Company are $98,520. 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 $98,520. Common stock account is $142,300; dividends are $88,380; revenues, $442,400; and expenses, $328,940. What is the amount of Olga Company's total assets? Olga Company's total assets s (b) The total assets of Lafayette Company are $60,600. Common stock account is $20,950; dividends are $5,670; revenues, $46,160; and expenses, $27,580. What is the amount of the company's total liabilities? Company's total liabilities (c) The total assets of Dierdorf Co. are $600,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Dierdorf Cos stockholders' equity? Dierdorf Co's stockholders' equity? g

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