The Walt Disney Company (DIS) had the following assets and liabilities (in millions) at the end of Year 1. $92,033 44,710 Assets Liabilities a. Determine the stockholders' equity of Walt Disney at the end of Year 1. million b. If assets increased by $3,756 million and stockholders' equity decreased by $2,319 million, what was the increase or decrease in liabilities for Year 2? million increase c. What were the total assets, liabilities, and stockholders' equity at the end of Year 2? Total assets million Total liabilities Total stockholders' equity d. Based upon your answer to (c), does the accounting equation balance? Yes million million

The Walt Disney Company (DIS) had the following assets and liabilities (in millions) at the end of Year 1. $92,033 44,710 Assets Liabilities a. Determine the stockholders' equity of Walt Disney at the end of Year 1. million b. If assets increased by $3,756 million and stockholders' equity decreased by $2,319 million, what was the increase or decrease in liabilities for Year 2? million increase c. What were the total assets, liabilities, and stockholders' equity at the end of Year 2? Total assets million Total liabilities Total stockholders' equity d. Based upon your answer to (c), does the accounting equation balance? Yes million million

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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