The following are recent year summaries of balance sheet and income statement data (in millions) for Apple Inc. (AAPL) and Verizon Communications (VZ). Determine the missing amounts. Enter decreases as negative amounts. Apple Year 1: Assets Liabilities Stockholders' equity Increase (Decrease) in assets, liabilities, and stockholders' equity during Year 2: $321,686 = X X Assets Liabilities Stockholders' equity Year 2: Assets $53,633 47,835 5,798 X Verizon 22,524 (7,609) $257,143 00* 0*00 Liabilities 241,272 Stockholders' equity X 43,096
The following are recent year summaries of balance sheet and income statement data (in millions) for Apple Inc. (AAPL) and Verizon Communications (VZ). Determine the missing amounts. Enter decreases as negative amounts. Apple Year 1: Assets Liabilities Stockholders' equity Increase (Decrease) in assets, liabilities, and stockholders' equity during Year 2: $321,686 = X X Assets Liabilities Stockholders' equity Year 2: Assets $53,633 47,835 5,798 X Verizon 22,524 (7,609) $257,143 00* 0*00 Liabilities 241,272 Stockholders' equity X 43,096
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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![The following are recent year summaries of balance sheet and income statement data (in millions) for Apple Inc. (AAPL) and Verizon Communications (VZ). Determine the missing amounts. Enter decreases as negative amounts. Apple Verizon
Year 1: Assets Liabilities Stockholders' equity Increase (Decrease) in assets, liabilities, and stockholders' equity during Year 2: Assets Liabilities $53,633 22,524](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F34091ce1-46ff-4895-99ae-312a9e6931a7%2F8580da1d-511f-4574-91d3-7e2b8e8d07f0%2F61qv6lq_processed.png&w=3840&q=75)
Transcribed Image Text:The following are recent year summaries of balance sheet and income statement data (in millions) for Apple Inc. (AAPL) and Verizon Communications (VZ). Determine the missing amounts. Enter decreases as negative amounts. Apple Verizon
Year 1: Assets Liabilities Stockholders' equity Increase (Decrease) in assets, liabilities, and stockholders' equity during Year 2: Assets Liabilities $53,633 22,524
![The following are recent year summaries of balance sheet and income statement data (in millions) for Apple Inc. (AAPL) and Verizon Communications (VZ).
Determine the missing amounts. Enter decreases as negative amounts.
Year 1:
Assets
Liabilities
Stockholders' equity
Apple
Verizon
$321,686
X
X
X
X
22,524
Increase (Decrease) in assets, liabilities,
and stockholders' equity during Year 2:
Assets
$53,633
Liabilities
Stockholders' equity
47,835
(7,609)
5,798
Year 2:
Assets
Liabilities
X
$257,143
241,272
X
Stockholders' equity
X
43,096](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F34091ce1-46ff-4895-99ae-312a9e6931a7%2F8580da1d-511f-4574-91d3-7e2b8e8d07f0%2Fcdymddp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following are recent year summaries of balance sheet and income statement data (in millions) for Apple Inc. (AAPL) and Verizon Communications (VZ).
Determine the missing amounts. Enter decreases as negative amounts.
Year 1:
Assets
Liabilities
Stockholders' equity
Apple
Verizon
$321,686
X
X
X
X
22,524
Increase (Decrease) in assets, liabilities,
and stockholders' equity during Year 2:
Assets
$53,633
Liabilities
Stockholders' equity
47,835
(7,609)
5,798
Year 2:
Assets
Liabilities
X
$257,143
241,272
X
Stockholders' equity
X
43,096
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