Question: Use the basic accounting equation to answer these questions. (a) The liabilities of Pharoah Company are $92,300 and the stockholders' equity is $265,000. What

Use the basic accounting equation to answer these questions. (a) The liabilities of Pharoah Company are $92,300 and the stockholders' equity is $265,000. What is the amount of Pharoah's total assets? Total assets $ (b) The total assets of Wildhorse Company are $193,000 and its stockholders' equity is $82,000. What is the amount of its total liabilities? Total liabilities (c) The total assets of Sheffield Co. are $850,000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Sheffield's stockholders' equity? Stockholders' equity

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