Chapter 1, Problem 1.2BE

(a)

To determine

Basic Accounting Equation

The mathematical equation that shows the relationship among the different categories of a balance sheet, such as assets, liabilities, and stockholders’ equity of a company is referred to as the “basic accounting equation.” It is represented as below:

$\text{Assets}=\text{Liabilities}+\text{Stockholders' equity}$

The amount of total assets of Company H.

(b)

To determine

The amount of total liabilities of Company H.

(c)

To determine

The amount of total stockholders’ equity of Company H.