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What is the amount of Blossom total assets

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Reference no: EM133132742

Question - Use the basic accounting equation to answer these questions.

(a) The liabilities of Blossom Company are $93,700 and the stockholders' equity is $240,000. What is the amount of Blossom's total assets?

(b) The total assets of Splish Company are $193,000 and its stockholders' equity is $84,000. What is the amount of its total liabilities?

(c) The total assets of Ayayai Co. are $890,000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Ayayai's stockholders' equity?

Reference no: EM133132742

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