Question: Use the basic accounting equation to answer these questions. ( a ) The liabilities of Carla Vista Company are $ 9 0 , 2 0
Use the basic accounting equation to answer these questions.
a The liabilities of Carla Vista Company are $ and the stockholders' equity is $ What is the amount of Carla Vista's total assets?
Total assets
$
b The total assets of Metlock Company are $ and its stockholders' equity is $ What is the amount of its total liabilities?
Total liabilities
$
c The total assets of Martinez Co are $ and its liabilities are equal to onefourth of its total assets. What is the amount of Martinez's stockholders' equity?
Stockholders' equity
$
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