Using the Basic Accounting Equation Use the basic accounting equation to answer the following: a. Kendrick Company has total assets of $150,000 and total liabilities of $90,000. How much is the company's total stockholders' equity? b. Gassol Company has total liabilities of $120,000 and total stockholders' equity of $112,500. What are the company's total assets?

Using the Basic Accounting Equation Use the basic accounting equation to answer the following: a. Kendrick Company has total assets of $150,000 and total liabilities of $90,000. How much is the company's total stockholders' equity? b. Gassol Company has total liabilities of $120,000 and total stockholders' equity of $112,500. What are the company's total assets