## Description

# a) The liabilities of Daley Company are $91,920 and the stockholders

a) The liabilities of Daley Company are $91,920 and the stockholdersâ€™ equity is $263,000. What is the amount of Daley Companyâ€™s total assets?

Total assets $

(b) The total assets of Laven Company are $189,800 and its stockholdersâ€™ 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.â€™s stockholdersâ€™ equity?

Stockholdersâ€™ equity $

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