Question: Use the basic accounting equation to answer these questions. (a) The liabilities of Sunland Company are $95,800 and the stockholders' equity is $242,000. What is

Use the basic accounting equation to answer these questions. (a) The liabilities of Sunland Company are $95,800 and the stockholders' equity is $242,000. What is the amount of Sunland's total assets? Total assets $ (b) The total assets of Cheyenne Company are $194,000 and its stockholders' equity is $82,000. What is the amount of its total liabilities? Total liabilities $ (c) The total assets of Marigold Co. are $820,000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Marigold's stockholders' equity? Stockholders' equity

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