Determine the missing amount from each of the separate situations given below. assets = liabilities + equity(a) x = $84,000 + $47,000(b) $120,000 = $30,000 + x(c) $152,000 = x + $62,000

(a) X = Total assets = $131,000

(b) X = total equity = $90,000

(c) X = total liabilities = $90,000

Explanation:

In this type of question, we use the accounting equation which is equals to

Total assets = Total liabilities + Total equity

This accounting equation is used to balance the financial statements so that proper accuracy and analysis can be made.

(a) X = $84,000 + $47,000

X = $131,000

X here means total assets.

(b) $120,000 = $30,000 + x

$120,000 - $30,000 = X

X = $90,000

Here, X = Total equity

(c) $152,000 = x + $62,000

$152,000 - $62,000 = X

X = $90,000

Here, X = Total liabilities

Hence, (a) X = Total assets = $131,000

(b) X = total equity = $90,000

(c) X = total liabilities = $90,000

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i'ts proportional. if the inflation rate is 12% for example, the cpi will be 12% less.

hope it ,

bioteacher101