Reference no: EM132802425
Question 1: The liabilities of the Smith Company are $120,000 and its owner's equity is $232,000. What is the amount of the company's total assets?
Question 2: The total assets of the Jones Company are $190,000 and its owner's equity is $91,000. What is the amount of the company's total liabilities?
Question 3: The total assets of the Greene Company are $800,000 and its liabilities are equal to one-half of its total assets. What is the amount of the company's owner's equity?
Question 4: Beginning the new year, the Orange Company had total assets of $800,000 and total liabilities of $300,000. If total assets increased by $150,000 during the year and total liabilities decreased by $80,000, what is the owner's equity total at the end of the year?
Question 5: Beginning the new year, the Orange Company had total assets of $800,000 and total liabilities of $300,000. If, during the year, the Orange Company's total liabilities increased by $100,000 and its owner's equity decreased by $70,000, what is the company's ending amount of total assets?
Question 6: Beginning the new year, the Orange Company had total assets of $800,000 and total liabilities of $300,000. If total assets decreased by $80,000 and its owner's equity increased by $120,000 during the year, what is the company's year-end total liabilities amount.
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