# Use the basic accounting equation to answer these questions.

Use the basic accounting equation to answer these questions.

(a) The liabilities of Daley Company are $92,460 and the stockholders’ equity is $260,300. What is the amount of Daley Company’s total assets?

Total assets $

(b) The total assets of Laven Company are $192,500 and its stockholders’ equity is $89,200. What is the amount of its total liabilities?

Total liabilities $

(c) The total assets of Peterman Co. are $903,100 and its liabilities are equal to one fourth of its total assets. What is the amount of Peterman Co.’s stockholders’ equity?

Stockholders’ equity $

Correct w/ solutions !

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