Question: Use the basic accounting equation to answer these questions. ( a ) The liabilities of Lantz Company are $ 9 0 , 0 0 0
Use the basic accounting equation to answer these questions.
a The liabilities of Lantz Company are $ and the stockholders' equity is $ What is the amount of Lantz's total assets?
Total assets $
b The total assets of Salley Company are $ and its stockholders' equity is $ What is the amount of its totalities?
Total liabilities $
c The total assets of Brandon Co are $ and its liabilities are equal to onefourth of its total assets. What is the amount of Brandon's stockholders' equity?
Stockholders' equity
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