Use the basic accounting equation to answer these questions.
(a) The liabilities of Blossom Company are $111,600 and the stockholders' equity is $285,200. What is the amount of Blossom's total
assets?
Total assets
$
(b) The total assets of Crane Company are $210,800 and its stockholders' equity is $99,200. What is the amount of its total liabilities?
Total liabilities
$
(c) The total assets of Cullumber Co. are $992,000 and its liabilities are equal to one-fourth of its total assets. What is the amount of
Cullumber's stockholders' equity?
Stockholders' equity
$
