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Write doughnuts accounting equation

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Question 1. Doughnuts Coffee Shop has current assets of $280 million; property, plant, and equipment of $430 million; and other assets totaling $170 million. Current liabilities are $170 million and long-term liabilities total $300 million. Use these data to write Doughnuts' accounting equation.

Question 2.  Diamond, Inc. began the year with total liabilities of $95,000 and total stockholders' equity of $35,000. During the year, total assets increased by 5%. How much are total assets at the end of the year?

Question 3.  North West Airlines Ltd. began the year with total assets of $100,000 and total liabilities of $52,000. Net income for the year was $27,000, and dividends were zero. How much is stockholders' equity at the end of the year

Reference no: EM132682942

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