Each of the following requirements is independent of the others.
a)Valdez Corporation has liabilities of $95,000 and equity of $115,000.What is the amount of Valdez's assets? _________________________________________________
b)Global Company has assets of $320,000 and liabilities of $95,000.What is the amount of Global's equity? ______________________________________________________
c)Brown Company has assets of $90,000 and liabilities of $25,000.What is the amount of Brown's claims? _____________________________________________________________

Question

Quizplus · Accepted Answer

The Answer of Each of the following requirements is independent of the others.
a)Valdez Corporation has liabilities of $95,000 and equity of $115,000.What is the amount of Valdez's assets? _________________________________________________
b)Global Company has assets of $320,000 and liabilities of $95,000.What is the amount of Global's equity? ______________________________________________________
c)Brown Company has assets of $90,000 and liabilities of $25,000.What is the amount of Brown's claims? _____________________________________________________________

Each of the Following Requirements Is Independent of the Others