S 1 – 1 (L earn i ng Obj ec tiv e 3: A pp ly t he acco u n ti ng e qu a ti on ) Suppose you manage a
S1-1 (Learning Objective 3: Apply the accounting equation) Suppose you manage a Pizza Place restaurant. Identify the missing amount for each situation:
Total Assets
=
Total Liabilities
+
Stockholders’ Equity
a. $ ?
$150,000
$150,000 b. 280,000
c. 210,000
110,000
?
?
160,000
