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What is the amount of Pharoah Company total assets

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Question - Given the accounting equation, answer each of the following questions.

(a) The liabilities of Pharoah Company are $127,000 and the owner's equity is $227,000. What is the amount of Pharoah Company's total assets?

(b) The total assets of Pharoah Company are $185,000 and its owner's equity is $89,000. What is the amount of its total liabilities?

(c) The total assets of Pharoah Company are $684,000 and its liabilities are equal to one-half of its total assets. What is the amount of Pharoah Company's owner's equity?

Reference no: EM132606989

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