Question: Use the basic accounting equation to answer these questions. (a) The liabilities of Waterway Industries are $102,600 and the stockholders' equity is $262,200. What is

Use the basic accounting equation to answer these questions. (a) The liabilities of Waterway Industries are $102,600 and the stockholders' equity is $262,200. What is the amount of Waterway Industries's total assets? Total assets (b) The total assets of Cullumber Company are $193,800 and its stockholders' equity is $91,200. What is the amount of its total liabilities? Totai liabilities (c) The total assets of Salley Co. are $912,000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Salley Co's stockhoiders' equity? Stockholders' equity

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