Determine the Missing Amount "X" for Each of the Following

question 95

Essay

Determine the missing amount "X" for each of the following: $\begin{array}{|rr|r|r|}\hline\text { Assets } && \text { Liabilities } & \text { Stockholders' Equity } \\\hline\text { (a) } & \$ 78,500 & \$ 37,600 & X \\\hline\text { (b) } & X & \$ 53,280 & \$ 145,000 \\\hline \text { c) } & \$ 49,500 & X & \$ 34,000\\\hline\end{array}$

---

Definitions:

Actual Price

The price at which goods or services are sold in the market, as opposed to theoretical or listed prices.

Supply-Side Market Failure

A situation where the production of a good or service does not take into account the full cost of its impact, leading to overproduction or underproduction.

Transcontinental Railway

A railroad system that crosses an entire continent, connecting distant locations and facilitating transportation and trade.

Sparks

In a general sense, sparks refer to small particles or flashes of light created by a sudden disruption or collision, often related to electricity or fire.