Each of the following requirements is independent of the others.
a)Bruno Corporation has liabilities of $80,000 and equity of $110,000.What is the amount of Bruno's assets? ________________________________________________
b)Wilder Company has assets of $320,000 and liabilities of $100,000.What is the amount of equity? ______________________________________________________
c)Limon Company has assets of $90,000 and liabilities of $40,000.What is the amount of claims? _____________________________________________________________

Question

Quizplus · Accepted Answer

The Answer of Each of the following requirements is independent of the others.
a)Bruno Corporation has liabilities of $80,000 and equity of $110,000.What is the amount of Bruno's assets? ________________________________________________
b)Wilder Company has assets of $320,000 and liabilities of $100,000.What is the amount of equity? ______________________________________________________
c)Limon Company has assets of $90,000 and liabilities of $40,000.What is the amount of claims? _____________________________________________________________

Each of the Following Requirements Is Independent of the Others