Question: Use the basic accounting equation to answer these questions. (a) The liabilities of Sunland Company are $91,800 and the stockholders' equity is $234,600. What is
Use the basic accounting equation to answer these questions. (a) The liabilities of Sunland Company are $91,800 and the stockholders' equity is $234,600. What is the amount of Sunland Company's total assets? Total assets $ (b) The total assets of Kingbird, Inc. are $173,400 and its stockholders' equity is $81,600. What is the amount of its total liabilities Total liabilities $ (c) The total assets of Salley Co. are $816,000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Salley Co.'s stockholders' equity? Stockholders' equity $
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