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The liabilities of daley company are 90000 and the

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Use the basic accounting equation to answer these questions.

(a) The liabilities of Daley Company are $90,000 and the stockholders" equity is $230,000. What is the amount of Daley Company"s total assets?

(b) The total assets of Laven Company are $170,000 and its stockholders" equity is $80,000. What is the amount of its total liabilities?

(c) The total assets of Peterman Co. are $800,000 and its liabilities are equal to one fourth of its total assets. What is the amount of Peterman Co."s stockholders" equity?

Reference no: EM13572322

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