The liabilities of Daley Company are $91,920 and the stockholders
Question # 00005003
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Updated on: 12/09/2013 01:57 AM Due on: 12/09/2013
a) The liabilities of Daley Company are $91,920 and the stockholders’ equity is $263,000. What is the amount of Daley Company’s total assets?
Total assets $
(b) The total assets of Laven Company are $189,800 and its stockholders’ equity is $83,200. What is the amount of its total liabilities?
Total liabilities $
(c) The total assets of Peterman Co. are $859,800 and its liabilities are equal to one fourth of its total assets. What is the amount of Peterman Co.’s stockholders’ equity?
Stockholders’ equity $
Total assets $
(b) The total assets of Laven Company are $189,800 and its stockholders’ equity is $83,200. What is the amount of its total liabilities?
Total liabilities $
(c) The total assets of Peterman Co. are $859,800 and its liabilities are equal to one fourth of its total assets. What is the amount of Peterman Co.’s stockholders’ equity?
Stockholders’ equity $

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Solution: The liabilities of Daley Company are $91,920 and the stockholders