Determine the amount of stockholders’ equity of Company EM.

Question

Want to see more full solutions like this?

Answer 1

Question

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

Chapter 1, Problem 16E

1.

To determine

Determine the amount of stockholders’ equity of Company EM.

1.

Expert Solution

Answer to Problem 16E

The amount of stockholders’ equity of Company EM is $121 billion.

Explanation of Solution

Stockholders’ Equity: Stockholders Equity refers to the right the owner possesses over the resources of the business. Common stock and the retained earnings are the components of the Stockholders Equity.

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Total assets is $228 billion and total liabilities is $107 billion.

Determine the amount of stockholders’ equity.

Stockholder's Equity=Assets−LiabilitiesStockholder's Equity=$228 billions−$107 billionsStockholder's Equity=$121 billions

Conclusion

Hence, stockholders’ equity of Company EM is $121 billion.

2.

To determine

Determine the amount of total assets of Company C.

2.

Expert Solution

Answer to Problem 16E

The total assets of Company C are $1,610 billion.

Explanation of Solution

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Asset: Assets refer to the resources owned by the business, which are utilized in the course of the business to generate revenue.

Given:

Total liabilities is $1,500 billion and stockholders’ equity is $110 billion.

Determine the amount of total assets.

Assets=Liabilities+Stockholder's EquityAssets=$1,500 billion+$110 billionAssets=$,1610 billion

Conclusion

Hence, the total assets of Company C $1,610 billion.

3.

To determine

Determine the amount of total liabilities of Company A.

3.

Expert Solution

Answer to Problem 16E

The total liabilities of Company A is $4.4 billion.

Explanation of Solution

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Liability: Liabilities include the claims of the creditors on the assets of the business. The liability is the obligation of the business.

Given:

Total assets is $4.7 billion and stockholders’ equity is $0.3 billion.

Determine the amount of dividend paid during the year.

Liabilities=Assets−Stockholder's EquityLiabilities=$4.7 billion−$0.3 billionLiabilities=$4.4 billion

Conclusion

Hence, total liabilities of Company A is $4.4 billion

4.

To determine

Determine the amount of change in stockholders equity of Company N.

4.

Expert Solution

Answer to Problem 16E

The amount of change in stockholders equity of Company N is $0.9 billion.

Explanation of Solution

Stockholders’ Equity: Stockholders Equity refers to the right the owner possesses over the resources of the business. Common stock and the retained earnings are the components of the Stockholders Equity.

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Increase in assets is $1.2 billion and increase in liabilities is $0.3 billion.

Determine the amount of change in stockholders equity.

Change in Stockholder's Equity={Change in Assets}−{Change in Liabilities}Change in Stockholder's Equity=$1.2 billion−$0.3 billionChange in Stockholder's Equity=$0.9 billion

Conclusion

Hence, the change in stockholders equity of Company N is $0.9 billion.

5.

To determine

Determine the amount of change in total assets of Company K.

5.

Expert Solution

Answer to Problem 16E

The change in total assets of Company K is decreased by $0.32 billion.

Explanation of Solution

Asset: Assets refer to the resources owned by the business, which are utilized in the course of the business to generate revenue.

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Decrease in liabilities is $0.34 billion and increase in stockholders’ equity is $0.02 billion.

Determine the amount of change in total assets.

Change in Assets={Change in Liabilities}+{Change in Stockholder's Equity}Change in Assets=($0.34 billion)+$0.02 billionChange in Assets=$0.32 billion (Decrease in assets)

Conclusion

Hence, the total assets of Company K is decreased by $0.32 billion.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,420,000, $144,000 in the common stock account, and $2,690,000 in the additional paid-in surplus account. The December 31, 2022, balance sheet showed long-term debt of $1,620,000, $154,000 in the common stock account and $2,990,000 in the additional paid-in surplus account. The 2022 income statement showed an interest expense of $96,000 and the company paid out $149,000 in cash dividends during 2022. The firm’s net capital spending for 2022 was $1,000,000, and the firm reduced its net working capital investment by $129,000. What was the firm's 2022 operating cash flow, or OCF?

River is a salaried exempt worker who earns $73,630 per year for a 35-hour workweek. During a biweekly pay period, River worked 105 hours. What is the gross pay?

The industrial enterprise "HUANG S.A." purchased a sorting and packaging machine from a foreign company on 1/4/2017 at a cost of €500,000. The useful life of the machine was estimated by the Management at ten (10) years, while the residual value was estimated at zero. For the transportation of the machine from abroad to the company's factory, the amount of €20,000 was paid on 15/4/2017. As the insurance coverage of the machine during transportation was the responsibility of the selling company, HUANG S.A. proceeded to insure the machine from 16/4/2017 to 15/4/2018, paying the amount of €1,200. The delivery took place on 15/4/2017. As adequate ventilation of the multifunction device is essential for its proper operation, the company fitted an air duct on the multifunction device. The cost of the air duct amounted to €2,000 and was paid on 20/4/2017. On 25/4/2017, an external electrician was paid €5,000 for the electrical connection of the device. The company also paid €5,000 to an…

Answer 2

Question

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

Chapter 1, Problem 16E

1.

To determine

Determine the amount of stockholders’ equity of Company EM.

1.

Expert Solution

Answer to Problem 16E

The amount of stockholders’ equity of Company EM is $121 billion.

Explanation of Solution

Stockholders’ Equity: Stockholders Equity refers to the right the owner possesses over the resources of the business. Common stock and the retained earnings are the components of the Stockholders Equity.

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Total assets is $228 billion and total liabilities is $107 billion.

Determine the amount of stockholders’ equity.

Stockholder's Equity=Assets−LiabilitiesStockholder's Equity=$228 billions−$107 billionsStockholder's Equity=$121 billions

Conclusion

Hence, stockholders’ equity of Company EM is $121 billion.

2.

To determine

Determine the amount of total assets of Company C.

2.

Expert Solution

Answer to Problem 16E

The total assets of Company C are $1,610 billion.

Explanation of Solution

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Asset: Assets refer to the resources owned by the business, which are utilized in the course of the business to generate revenue.

Given:

Total liabilities is $1,500 billion and stockholders’ equity is $110 billion.

Determine the amount of total assets.

Assets=Liabilities+Stockholder's EquityAssets=$1,500 billion+$110 billionAssets=$,1610 billion

Conclusion

Hence, the total assets of Company C $1,610 billion.

3.

To determine

Determine the amount of total liabilities of Company A.

3.

Expert Solution

Answer to Problem 16E

The total liabilities of Company A is $4.4 billion.

Explanation of Solution

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Liability: Liabilities include the claims of the creditors on the assets of the business. The liability is the obligation of the business.

Given:

Total assets is $4.7 billion and stockholders’ equity is $0.3 billion.

Determine the amount of dividend paid during the year.

Liabilities=Assets−Stockholder's EquityLiabilities=$4.7 billion−$0.3 billionLiabilities=$4.4 billion

Conclusion

Hence, total liabilities of Company A is $4.4 billion

4.

To determine

Determine the amount of change in stockholders equity of Company N.

4.

Expert Solution

Answer to Problem 16E

The amount of change in stockholders equity of Company N is $0.9 billion.

Explanation of Solution

Stockholders’ Equity: Stockholders Equity refers to the right the owner possesses over the resources of the business. Common stock and the retained earnings are the components of the Stockholders Equity.

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Increase in assets is $1.2 billion and increase in liabilities is $0.3 billion.

Determine the amount of change in stockholders equity.

Change in Stockholder's Equity={Change in Assets}−{Change in Liabilities}Change in Stockholder's Equity=$1.2 billion−$0.3 billionChange in Stockholder's Equity=$0.9 billion

Conclusion

Hence, the change in stockholders equity of Company N is $0.9 billion.

5.

To determine

Determine the amount of change in total assets of Company K.

5.

Expert Solution

Answer to Problem 16E

The change in total assets of Company K is decreased by $0.32 billion.

Explanation of Solution

Asset: Assets refer to the resources owned by the business, which are utilized in the course of the business to generate revenue.

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Decrease in liabilities is $0.34 billion and increase in stockholders’ equity is $0.02 billion.

Determine the amount of change in total assets.

Change in Assets={Change in Liabilities}+{Change in Stockholder's Equity}Change in Assets=($0.34 billion)+$0.02 billionChange in Assets=$0.32 billion (Decrease in assets)

Conclusion

Hence, the total assets of Company K is decreased by $0.32 billion.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

Chapter 1, Problem 16E

1.

To determine

Determine the amount of stockholders’ equity of Company EM.

1.

Expert Solution

Answer to Problem 16E

The amount of stockholders’ equity of Company EM is $121 billion.

Explanation of Solution

Stockholders’ Equity: Stockholders Equity refers to the right the owner possesses over the resources of the business. Common stock and the retained earnings are the components of the Stockholders Equity.

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Total assets is $228 billion and total liabilities is $107 billion.

Determine the amount of stockholders’ equity.

Stockholder's Equity=Assets−LiabilitiesStockholder's Equity=$228 billions−$107 billionsStockholder's Equity=$121 billions

Conclusion

Hence, stockholders’ equity of Company EM is $121 billion.

2.

To determine

Determine the amount of total assets of Company C.

2.

Expert Solution

Answer to Problem 16E

The total assets of Company C are $1,610 billion.

Explanation of Solution

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Asset: Assets refer to the resources owned by the business, which are utilized in the course of the business to generate revenue.

Given:

Total liabilities is $1,500 billion and stockholders’ equity is $110 billion.

Determine the amount of total assets.

Assets=Liabilities+Stockholder's EquityAssets=$1,500 billion+$110 billionAssets=$,1610 billion

Conclusion

Hence, the total assets of Company C $1,610 billion.

3.

To determine

Determine the amount of total liabilities of Company A.

3.

Expert Solution

Answer to Problem 16E

The total liabilities of Company A is $4.4 billion.

Explanation of Solution

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Liability: Liabilities include the claims of the creditors on the assets of the business. The liability is the obligation of the business.

Given:

Total assets is $4.7 billion and stockholders’ equity is $0.3 billion.

Determine the amount of dividend paid during the year.

Liabilities=Assets−Stockholder's EquityLiabilities=$4.7 billion−$0.3 billionLiabilities=$4.4 billion

Conclusion

Hence, total liabilities of Company A is $4.4 billion

4.

To determine

Determine the amount of change in stockholders equity of Company N.

4.

Expert Solution

Answer to Problem 16E

The amount of change in stockholders equity of Company N is $0.9 billion.

Explanation of Solution

Stockholders’ Equity: Stockholders Equity refers to the right the owner possesses over the resources of the business. Common stock and the retained earnings are the components of the Stockholders Equity.

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Increase in assets is $1.2 billion and increase in liabilities is $0.3 billion.

Determine the amount of change in stockholders equity.

Change in Stockholder's Equity={Change in Assets}−{Change in Liabilities}Change in Stockholder's Equity=$1.2 billion−$0.3 billionChange in Stockholder's Equity=$0.9 billion

Conclusion

Hence, the change in stockholders equity of Company N is $0.9 billion.

5.

To determine

Determine the amount of change in total assets of Company K.

5.

Expert Solution

Answer to Problem 16E

The change in total assets of Company K is decreased by $0.32 billion.

Explanation of Solution

Asset: Assets refer to the resources owned by the business, which are utilized in the course of the business to generate revenue.

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Decrease in liabilities is $0.34 billion and increase in stockholders’ equity is $0.02 billion.

Determine the amount of change in total assets.

Change in Assets={Change in Liabilities}+{Change in Stockholder's Equity}Change in Assets=($0.34 billion)+$0.02 billionChange in Assets=$0.32 billion (Decrease in assets)

Conclusion

Hence, the total assets of Company K is decreased by $0.32 billion.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

Chapter 1, Problem 16E

1.

To determine

Determine the amount of stockholders’ equity of Company EM.

1.

Expert Solution

Answer to Problem 16E

The amount of stockholders’ equity of Company EM is $121 billion.

Explanation of Solution

Stockholders’ Equity: Stockholders Equity refers to the right the owner possesses over the resources of the business. Common stock and the retained earnings are the components of the Stockholders Equity.

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Total assets is $228 billion and total liabilities is $107 billion.

Determine the amount of stockholders’ equity.

Stockholder's Equity=Assets−LiabilitiesStockholder's Equity=$228 billions−$107 billionsStockholder's Equity=$121 billions

Conclusion

Hence, stockholders’ equity of Company EM is $121 billion.

2.

To determine

Determine the amount of total assets of Company C.

2.

Expert Solution

Answer to Problem 16E

The total assets of Company C are $1,610 billion.

Explanation of Solution

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Asset: Assets refer to the resources owned by the business, which are utilized in the course of the business to generate revenue.

Given:

Total liabilities is $1,500 billion and stockholders’ equity is $110 billion.

Determine the amount of total assets.

Assets=Liabilities+Stockholder's EquityAssets=$1,500 billion+$110 billionAssets=$,1610 billion

Conclusion

Hence, the total assets of Company C $1,610 billion.

3.

To determine

Determine the amount of total liabilities of Company A.

3.

Expert Solution

Answer to Problem 16E

The total liabilities of Company A is $4.4 billion.

Explanation of Solution

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Liability: Liabilities include the claims of the creditors on the assets of the business. The liability is the obligation of the business.

Given:

Total assets is $4.7 billion and stockholders’ equity is $0.3 billion.

Determine the amount of dividend paid during the year.

Liabilities=Assets−Stockholder's EquityLiabilities=$4.7 billion−$0.3 billionLiabilities=$4.4 billion

Conclusion

Hence, total liabilities of Company A is $4.4 billion

4.

To determine

Determine the amount of change in stockholders equity of Company N.

4.

Expert Solution

Answer to Problem 16E

The amount of change in stockholders equity of Company N is $0.9 billion.

Explanation of Solution

Stockholders’ Equity: Stockholders Equity refers to the right the owner possesses over the resources of the business. Common stock and the retained earnings are the components of the Stockholders Equity.

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Increase in assets is $1.2 billion and increase in liabilities is $0.3 billion.

Determine the amount of change in stockholders equity.

Change in Stockholder's Equity={Change in Assets}−{Change in Liabilities}Change in Stockholder's Equity=$1.2 billion−$0.3 billionChange in Stockholder's Equity=$0.9 billion

Conclusion

Hence, the change in stockholders equity of Company N is $0.9 billion.

5.

To determine

Determine the amount of change in total assets of Company K.

5.

Expert Solution

Answer to Problem 16E

The change in total assets of Company K is decreased by $0.32 billion.

Explanation of Solution

Asset: Assets refer to the resources owned by the business, which are utilized in the course of the business to generate revenue.

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Decrease in liabilities is $0.34 billion and increase in stockholders’ equity is $0.02 billion.

Determine the amount of change in total assets.

Change in Assets={Change in Liabilities}+{Change in Stockholder's Equity}Change in Assets=($0.34 billion)+$0.02 billionChange in Assets=$0.32 billion (Decrease in assets)

Conclusion

Hence, the total assets of Company K is decreased by $0.32 billion.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 1, Problem 16E

1.

To determine

Determine the amount of stockholders’ equity of Company EM.

1.

Expert Solution

Answer to Problem 16E

The amount of stockholders’ equity of Company EM is $121 billion.

Explanation of Solution

Stockholders’ Equity: Stockholders Equity refers to the right the owner possesses over the resources of the business. Common stock and the retained earnings are the components of the Stockholders Equity.

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Total assets is $228 billion and total liabilities is $107 billion.

Determine the amount of stockholders’ equity.

Stockholder's Equity=Assets−LiabilitiesStockholder's Equity=$228 billions−$107 billionsStockholder's Equity=$121 billions

Conclusion

Hence, stockholders’ equity of Company EM is $121 billion.

2.

To determine

Determine the amount of total assets of Company C.

2.

Expert Solution

Answer to Problem 16E

The total assets of Company C are $1,610 billion.

Explanation of Solution

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Asset: Assets refer to the resources owned by the business, which are utilized in the course of the business to generate revenue.

Given:

Total liabilities is $1,500 billion and stockholders’ equity is $110 billion.

Determine the amount of total assets.

Assets=Liabilities+Stockholder's EquityAssets=$1,500 billion+$110 billionAssets=$,1610 billion

Conclusion

Hence, the total assets of Company C $1,610 billion.

3.

To determine

Determine the amount of total liabilities of Company A.

3.

Expert Solution

Answer to Problem 16E

The total liabilities of Company A is $4.4 billion.

Explanation of Solution

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Liability: Liabilities include the claims of the creditors on the assets of the business. The liability is the obligation of the business.

Given:

Total assets is $4.7 billion and stockholders’ equity is $0.3 billion.

Determine the amount of dividend paid during the year.

Liabilities=Assets−Stockholder's EquityLiabilities=$4.7 billion−$0.3 billionLiabilities=$4.4 billion

Conclusion

Hence, total liabilities of Company A is $4.4 billion

4.

To determine

Determine the amount of change in stockholders equity of Company N.

4.

Expert Solution

Answer to Problem 16E

The amount of change in stockholders equity of Company N is $0.9 billion.

Explanation of Solution

Stockholders’ Equity: Stockholders Equity refers to the right the owner possesses over the resources of the business. Common stock and the retained earnings are the components of the Stockholders Equity.

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Increase in assets is $1.2 billion and increase in liabilities is $0.3 billion.

Determine the amount of change in stockholders equity.

Change in Stockholder's Equity={Change in Assets}−{Change in Liabilities}Change in Stockholder's Equity=$1.2 billion−$0.3 billionChange in Stockholder's Equity=$0.9 billion

Conclusion

Hence, the change in stockholders equity of Company N is $0.9 billion.

5.

To determine

Determine the amount of change in total assets of Company K.

5.

Expert Solution

Answer to Problem 16E

The change in total assets of Company K is decreased by $0.32 billion.

Explanation of Solution

Asset: Assets refer to the resources owned by the business, which are utilized in the course of the business to generate revenue.

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Decrease in liabilities is $0.34 billion and increase in stockholders’ equity is $0.02 billion.

Determine the amount of change in total assets.

Change in Assets={Change in Liabilities}+{Change in Stockholder's Equity}Change in Assets=($0.34 billion)+$0.02 billionChange in Assets=$0.32 billion (Decrease in assets)

Conclusion

Hence, the total assets of Company K is decreased by $0.32 billion.

Answer 6

Chapter 1, Problem 16E

1.

To determine

Determine the amount of stockholders’ equity of Company EM.

1.

Expert Solution

Answer to Problem 16E

The amount of stockholders’ equity of Company EM is $121 billion.

Explanation of Solution

Stockholders’ Equity: Stockholders Equity refers to the right the owner possesses over the resources of the business. Common stock and the retained earnings are the components of the Stockholders Equity.

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Total assets is $228 billion and total liabilities is $107 billion.

Determine the amount of stockholders’ equity.

Stockholder's Equity=Assets−LiabilitiesStockholder's Equity=$228 billions−$107 billionsStockholder's Equity=$121 billions

Conclusion

Hence, stockholders’ equity of Company EM is $121 billion.

Answer 7

Chapter 1, Problem 16E

1.

To determine

Determine the amount of stockholders’ equity of Company EM.

Answer 8

1.

Expert Solution

Answer to Problem 16E

The amount of stockholders’ equity of Company EM is $121 billion.

Answer 9

1.

Expert Solution

Answer 10

1.

Expert Solution

Answer 11

Expert Solution

Answer 12

Explanation of Solution

Stockholders’ Equity: Stockholders Equity refers to the right the owner possesses over the resources of the business. Common stock and the retained earnings are the components of the Stockholders Equity.

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Total assets is $228 billion and total liabilities is $107 billion.

Determine the amount of stockholders’ equity.

Stockholder's Equity=Assets−LiabilitiesStockholder's Equity=$228 billions−$107 billionsStockholder's Equity=$121 billions

Answer 13

Conclusion

Hence, stockholders’ equity of Company EM is $121 billion.

Answer 14

2.

To determine

Determine the amount of total assets of Company C.

2.

Expert Solution

Answer to Problem 16E

The total assets of Company C are $1,610 billion.

Explanation of Solution

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Asset: Assets refer to the resources owned by the business, which are utilized in the course of the business to generate revenue.

Given:

Total liabilities is $1,500 billion and stockholders’ equity is $110 billion.

Determine the amount of total assets.

Assets=Liabilities+Stockholder's EquityAssets=$1,500 billion+$110 billionAssets=$,1610 billion

Conclusion

Hence, the total assets of Company C $1,610 billion.

Answer 15

2.

To determine

Determine the amount of total assets of Company C.

Answer 16

2.

Expert Solution

Answer to Problem 16E

The total assets of Company C are $1,610 billion.

Answer 17

2.

Expert Solution

Answer 18

2.

Expert Solution

Answer 19

Expert Solution

Answer 20

Explanation of Solution

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Asset: Assets refer to the resources owned by the business, which are utilized in the course of the business to generate revenue.

Given:

Total liabilities is $1,500 billion and stockholders’ equity is $110 billion.

Determine the amount of total assets.

Assets=Liabilities+Stockholder's EquityAssets=$1,500 billion+$110 billionAssets=$,1610 billion

Answer 21

Conclusion

Hence, the total assets of Company C $1,610 billion.

Answer 22

3.

To determine

Determine the amount of total liabilities of Company A.

3.

Expert Solution

Answer to Problem 16E

The total liabilities of Company A is $4.4 billion.

Explanation of Solution

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Liability: Liabilities include the claims of the creditors on the assets of the business. The liability is the obligation of the business.

Given:

Total assets is $4.7 billion and stockholders’ equity is $0.3 billion.

Determine the amount of dividend paid during the year.

Liabilities=Assets−Stockholder's EquityLiabilities=$4.7 billion−$0.3 billionLiabilities=$4.4 billion

Conclusion

Hence, total liabilities of Company A is $4.4 billion

Answer 23

3.

To determine

Determine the amount of total liabilities of Company A.

Answer 24

3.

Expert Solution

Answer to Problem 16E

The total liabilities of Company A is $4.4 billion.

Answer 25

3.

Expert Solution

Answer 26

3.

Expert Solution

Answer 27

Expert Solution

Answer 28

Explanation of Solution

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Liability: Liabilities include the claims of the creditors on the assets of the business. The liability is the obligation of the business.

Given:

Total assets is $4.7 billion and stockholders’ equity is $0.3 billion.

Determine the amount of dividend paid during the year.

Liabilities=Assets−Stockholder's EquityLiabilities=$4.7 billion−$0.3 billionLiabilities=$4.4 billion

Answer 29

Conclusion

Hence, total liabilities of Company A is $4.4 billion

Answer 30

4.

To determine

Determine the amount of change in stockholders equity of Company N.

4.

Expert Solution

Answer to Problem 16E

The amount of change in stockholders equity of Company N is $0.9 billion.

Explanation of Solution

Stockholders’ Equity: Stockholders Equity refers to the right the owner possesses over the resources of the business. Common stock and the retained earnings are the components of the Stockholders Equity.

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Increase in assets is $1.2 billion and increase in liabilities is $0.3 billion.

Determine the amount of change in stockholders equity.

Change in Stockholder's Equity={Change in Assets}−{Change in Liabilities}Change in Stockholder's Equity=$1.2 billion−$0.3 billionChange in Stockholder's Equity=$0.9 billion

Conclusion

Hence, the change in stockholders equity of Company N is $0.9 billion.

Answer 31

4.

To determine

Determine the amount of change in stockholders equity of Company N.

Answer 32

4.

Expert Solution

Answer to Problem 16E

The amount of change in stockholders equity of Company N is $0.9 billion.

Answer 33

4.

Expert Solution

Answer 34

4.

Expert Solution

Answer 35

Expert Solution

Answer 36

Explanation of Solution

Stockholders’ Equity: Stockholders Equity refers to the right the owner possesses over the resources of the business. Common stock and the retained earnings are the components of the Stockholders Equity.

Balance Sheet:

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Increase in assets is $1.2 billion and increase in liabilities is $0.3 billion.

Determine the amount of change in stockholders equity.

Change in Stockholder's Equity={Change in Assets}−{Change in Liabilities}Change in Stockholder's Equity=$1.2 billion−$0.3 billionChange in Stockholder's Equity=$0.9 billion

Answer 37

Conclusion

Hence, the change in stockholders equity of Company N is $0.9 billion.

Answer 38

5.

To determine

Determine the amount of change in total assets of Company K.

5.

Expert Solution

Answer to Problem 16E

The change in total assets of Company K is decreased by $0.32 billion.

Explanation of Solution

Asset: Assets refer to the resources owned by the business, which are utilized in the course of the business to generate revenue.

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Decrease in liabilities is $0.34 billion and increase in stockholders’ equity is $0.02 billion.

Determine the amount of change in total assets.

Change in Assets={Change in Liabilities}+{Change in Stockholder's Equity}Change in Assets=($0.34 billion)+$0.02 billionChange in Assets=$0.32 billion (Decrease in assets)

Conclusion

Hence, the total assets of Company K is decreased by $0.32 billion.

Answer 39

5.

To determine

Determine the amount of change in total assets of Company K.

Answer 40

5.

Expert Solution

Answer to Problem 16E

The change in total assets of Company K is decreased by $0.32 billion.

Answer 41

5.

Expert Solution

Answer 42

5.

Expert Solution

Answer 43

Expert Solution

Answer 44

Explanation of Solution

Asset: Assets refer to the resources owned by the business, which are utilized in the course of the business to generate revenue.

Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of a company at a given date. It is also known as the statement of financial status of the business. The financial position can be summarized by the accounting equation:

Assets=Liabilities+Stockholder's Equity

Given:

Decrease in liabilities is $0.34 billion and increase in stockholders’ equity is $0.02 billion.

Determine the amount of change in total assets.

Change in Assets={Change in Liabilities}+{Change in Stockholder's Equity}Change in Assets=($0.34 billion)+$0.02 billionChange in Assets=$0.32 billion (Decrease in assets)