Question: Use the basic accounting equation to answer these questions. (a) The liabilities of Waterway Industries are $94,900 and the stockholders equity is $279,000. What is

Use the basic accounting equation to answer these questions. (a) The liabilities of Waterway Industries are $94,900 and the stockholders equity is $279,000. What is the amount of Waterway Industriess total assets?

Total assets

(b) The total assets of Cullumber Company are $194,000 and its stockholders equity is $90,000. What is the amount of its total liabilities?

Total liabilities

(c) The total assets of Lantz Co. are $810,000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Lantz Co.s stockholders equity?

Stockholders equity

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