Question: Use the basic accounting equation to answer the following: A. Kendrick Company has total assets of $50,000 and total liabilities of $30,000. How much is

Use the basic accounting equation to answer the following:

A. Kendrick Company has total assets of $50,000 and total liabilities of $30,000. How much is the companys total stockholders equity?

B. Gassol Company has total liabilities of $40,000 and total stockholders equity of $37,500. What are the companys total assets?

C. If Brown Companys total assets increased by $7,500 during the year and its total liabilities decreased during the same year by $5,000, what was the change in the companys total stockholders equity?

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