# Answer in Accounting for Lady #230711

a. the liabilities of Holland company are 120,000\$ and its stockholders’ equity is 232,000. what is the amount of Holland company’s total assets?b.the total assets of Holland company are 190,000\$ and its stockholders’ equity is 86,000\$. What is the amount of its total liabilities?c.the total assets of Holland company are 600,00\$ and its liabilities are equal to one-half of its total assets. What is the amount of Holland company’s stockholders’ equity?

Answer of Part a:

Holland Company’s Total Assets = Total Liabilities + Stockholders Equity

Holland Company’s Total Assets = \$120,000 + \$232,000

Holland Company’s Total Assets = \$352,000

Answer of Part b:

Holland Company’s Total Liabilities = Total Assets – Stockholders Equity

Holland Company’s Total Liabilities = \$190,000 – \$86,000

Holland Company’s Total Liabilities = \$104,000

Answer of Part c:

Holland Company’s Stockholders Equity = Total Assets – Total Liabilities

Holland Company’s Stockholders Equity = \$600,000 – (\$600,000 “times 1/2” )

Holland Company’s Stockholders Equity = \$600,000 – \$300,000

Holland Company’s Stockholders Equity = \$300,000

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