Liabilities of daley company


Use the fundamental accounting equation to answer these questions.

a) The liabilities of Daley Company are $92,460 and the stockholder's equity is $260,300. Find out the amount of Daley Company's total assets?

b) The total assets of Laven Company are $192,500 and its stockholder's equity is $89,200. Find out the amount of its total liabilities?

c) The total assets of Peterman Corporation are $903,100 and its liabilities are equivalent to one fourth of its total assets. Find out the amount of Peterman Co.'s stockholder's equity?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Liabilities of daley company
Reference No:- TGS018651

Expected delivery within 24 Hours