What is the amount of its total liabilities

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Question - Use the accounting equation to answer each of the following questions:

(a) The liabilities of Carla Vista Company are $116,000 and the owner's equity is $264,000. What is the amount of Carla Vista Company's total assets?

(b) The total assets of Martinez Company are $183,000 and its owner's equity is $95,000. What is the amount of its total liabilities?

(c) The total assets of Tamarisk Company are $812,000 and its liabilities are equal to one half of its total assets. What is the amount of Tamarisk Company's owner's equity?

Reference no: EM132651519

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