1-6 Components of the accounting equation Required The following three requirements are independent of each other. a. Craig’s Cars has assets of $4,550 and stockholders’ equity of $3,200. What is the amount of liabilities? What is the amount of claims? b. Heavenly Bakery has liabilities of $4,800 and stockholders’ equity of $5,400. What is the amount of assets? c. Bell’s Candy Co. has assets of $49,200 and liabilities of $28,200. What is the amount of stockholders’ equity?
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