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Question

Use the accounting equation to answer each of the following questions. The liabilities of Olga Company are $84,000. Common stock account is $140,000; dividends are $37,000; revenues, $437,000; and expenses, $317,000. What is the amount of Olga Company's total assets? Olga Company's total assets $ The total assets of Lafayette Company are $60,000. Common stock account is $19,500; dividends are $5,500; revenues, $48,000; and expenses, $39,000. What is the amount of the company's total liabilities? Company's total liabilities $ The total assets of Dierdorf Co. are $600,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Dierdorf Co.'s stockholders' equity? Dierdorf Co.'s stockholders' equity $