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QUESTION
(a) The liabilities of Olga Company are $90,070. Common stock account is $158,400; dividends are $91,990; revenues, $452,500; and expenses, $326,890....
(a) The liabilities of Olga Company are $90,070. Common stock account is $158,400; dividends are $91,990; revenues, $452,500; and expenses, $326,890. What is the amount of Olga Company’s total assets?
Assets = Liabilities+ Equity - Dividends + Revenues - ExpensesAssets =90070 + 158400 91990 +452500 326890282090 =90070 + 158400 91990 +452500 326890Assets = 282090 Explanation:We arrive at...