Questions:
(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?
(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?
(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?