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Homework answers / question archive / Given the accounting equation, answer each of the following questions
Given the accounting equation, answer each of the following questions.
(a) The liabilities of Blossom Company are $110,000 and the owner's equity Is $222,000. What Is the amount of Blossom Company's total assets?
Total assets $
(b) The total assets of Blossom .mpany are $180,000 and Its owner's equity Is $80,000. What is the amount of Its total liabilities?
Total liabilities $
(c) The total assets of Blossom Company are $200,000 and Its liabilities are equal to one-half of Its total assets. What Is the amount of Blossom Company's owner's equity?
Owner's equity S
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