Homework Help: finance and accounting

Posted by Ellen on Tuesday, March 4, 2008 at 8:08am.

Account Word Problems like this I seem not to get the concept , please give me an exam as how to figure out this problem.

1. The liabilities of Acosta Corporation equal one-third of the total assets. And stockholders equity is $160,000. What is the amount of the liabilities.

Assets = Liabilities + S Equity

? = ? + $160,000

2. The liabilities of the Cochran Company equal one-fifth of the total assets The stockholders equity is $40,000. What is the amount of the liabilities?

Assets = Liabilities + S Equity

? = ? + $40,000

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