Question: Use the basic accounting equation to answer these questions. (a) The liabilities of Pharoah Company are $90,600 and the stockholders' equity is $244,000. What is

Use the basic accounting equation to answer these questions. (a) The liabilities of Pharoah Company are $90,600 and the stockholders' equity is $244,000. What is the amount of Pharoah's total assets? Total assets 334600 (b) The total assets of Sheridan Company are $172,000 and its stockholders' equity is $88,000. What is the amount of its total liabilities? Total liabilities 84000 (c) The total assets of Flounder Co. are $825,000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Flounder's sto Stockholders' equity 675000

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