What is the amount of its stockholders equity

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Reference no: EM13913865

Use the accounting equation to answer each question that follows.

1. Ambria Company's assets are $240,000, and its liabilities are $90,000. What is the amount of its stockholders' equity?

2. Dao Company's liabilities equal one-fifth of the total assets. The stockholders' equity is $40,000. What is the amount of the liabilities?

Text Book: Financial and Managerial Accounting By Belverd Needles, Marian Powers, Susan V. Crosson.

Reference no: EM13913865

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