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the Accounting equation
e4A. Use the accounting equation to answer each question that follows. Show any cal- culations you make.
1. Oshkosh Company’s assets are $400,000, and its stockholders’ equity is $155,000. What is the amount of its liabilities?
2. Salvatore Company’s liabilities and stockholders’ equity are $72,000 and $79,500, respectively. What is the amount of the assets?
3. Radisson Company’s liabilities equal one-third of the total assets, and stockholders’ equity is $160,000. What is the amount of its liabilities?
4. At the beginning of the year, Sun Company’s assets were $275,000, and its stock- holders’ equity was $150,000. During the year, assets increased $75,000 and liabili- ties decreased $22,500. What is the stockholders’ equity at the end of the year?
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