Individual WileyPlus Exercises Essay

1. Brief bore BE1-7. Indicate which statement you would envision to find each of the following items income statement, balance sheet, retained earnings statement, or statement of cash flows.2. Brief Exercise BE1-8. Use the basic accounting system equation to answer these questions.(a) The liabilities of Cummings Company are $90,000 and the stockholders equity is $230,000. What is the make sense of Cummings Companys jibe assets?(b) The total assets of Haldeman Company are $170,000 and its stockholders equity is $90,000. What is the amount of its total liabilities?(c) The total assets of Dain Co. are $800,000 and its liabilities are fitting to one-fourth of its total assets. What is the amount of Dain Co.s stockholders equity?3. Brief Exercise BE1-9. At the beginning of the year, Fuqua Company had total assets of $800,000 and total liabilities of $500,000.(a) If total assets change magnitude $150,000 during the year and total liabilities decreased $80,000, what is the amount of stockholders equity at the residuum of the year?(b) During the year, total liabilities increased $100,000 and stockholders equity decreased $70,000. What is the amount of total assets at the end of the year.(c) If total assets decreased $90,000 and stockholders equity increased