Homework Answers
Assets = Liabilities +Stockholder's equity
a) Calculate Total Stockholder's equity
Stockholder's equity = Assets-Liabilities
= (819000+164000)-(442000-64000)
Stockholder's equity = 605000
b) Total assets = Liabilities+Stockholder's equity
= (442000+112000)+(377000-61000)
Total assets = 870000
c) Total liabilities = Total assets-Total Stockholder's equity
= (819000-45000)-(377000+105000)
Total liabilities = 292000
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