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lala haha gaga mama
lala haha gaga mama asked in Education & ReferenceHomework Help · 8 years ago

The total assets of Peterman Co. are $910,400 and its liabilities are equal to one fourth of its total assets.?

Who will please solve this accounting problem for me, your kindness will not be forgotten. The total assets of Peterman Co. are $910,400 and its liabilities are equal to one fourth of its total assets. What is the amount of Peterman Co.’s stockholders’ equity?

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  • Battleaxe
    Lv 7
    8 years ago
    Favorite Answer

    910,400/4 = $227,600

    910,400 - 227,600 = $682,600 net equity

    - .--

  • Anonymous
    6 years ago

    The total assets of Peterman Co. are $945,300 and its liabilities are equal to one fourth of its total assets. What is the amount of Peterman Co.’s stockholders’ equity

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