Question: Using the Basic Accounting Equation Use the basic accounting equation to answer the following: a. Perkins Company has total assets of $270,000 and total liabilities

Using the Basic Accounting Equation Use the basic accounting equation to answer the following:

a. Perkins Company has total assets of $270,000 and total liabilities of $162,000. How much is the companys total stockholders equity?

b. Gassol Company has total liabilities of $306,000 and total stockholders equity of $171,000. How much total assets does the company have?

c. If Brown Companys total assets increased by $63,000 during the year, and its total liabilities decreased during the same year by $9,000, what was the change in the companys total stockholders equity?

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