Question: Use the basic accounting equation to answer these questions. ( a ) The liabilities of Crane Company are $ 7 3 , 8 0 0
Use the basic accounting equation to answer these questions.
a The liabilities of Crane Company are $ and the stockholders' equity is $ What is the amount of Crane's total assets?
Total assets $
b The total assets of Cullumber Company are $ and its stockholders' equity is $ What is the amount of its total liabilities?
Total liabilities $
c The total assets of Ivanhoe Co are $ and its liabilities are equal to onefourth of its total assets. What is the amount of Ivanhoe's stockholders' equity?
Stockholders' equity $
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