Directions: Include the answers to the following questions in the Answers box below. 1. Apple has $365,725 in total assets and $100,147 in total stockholder’s equity. What is the total liabiliites amount? 2. At end-of-year 2017, The Coca-Cola Company reported $87,896 total assets on its balance sheet. These assets decreased by $4,680 for end-of-year 2018. End-of-year liabilities for 2017 were $68,919 and decreased by $4,761 for end-of-year 2018. a. From 2017-2018, did stockholders’ equity increase or decrease for The Coca-Cola Company? b. What was end-of-year stockholders’ equity for 2018? 3. Which balance sheet account links the balance sheet and income statement together?
Directions: Include the answers to the following questions in the Answers box below. 1. Apple has $365,725 in total assets and $100,147 in total stockholder’s equity. What is the total liabiliites amount? 2. At end-of-year 2017, The Coca-Cola Company reported $87,896 total assets on its balance sheet. These assets decreased by $4,680 for end-of-year 2018. End-of-year liabilities for 2017 were $68,919 and decreased by $4,761 for end-of-year 2018. a. From 2017-2018, did stockholders’ equity increase or decrease for The Coca-Cola Company? b. What was end-of-year stockholders’ equity for 2018? 3. Which balance sheet account links the balance sheet and income statement together?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
| Directions: Include the answers to the following questions in the Answers box below. | |||||||
| 1. Apple has $365,725 in total assets and $100,147 in total stockholder’s equity. What is the total liabiliites amount? | |||||||
| 2. At end-of-year 2017, The Coca-Cola Company reported $87,896 total assets on its |
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| a. From 2017-2018, did |
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| b. What was end-of-year stockholders’ equity for 2018? | |||||||
| 3. Which balance sheet account links the balance sheet and income statement together? | |||||||
| Answers: | |||||||
| 1 | |||||||
| 2a | |||||||
| 2b | |||||||
| 3 |
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