finance and accounting
posted by Ellen .
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 onethird 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 onefifth 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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