The Walt Disney Company had the following assets and liabilities (in millions) at the end of 20Y1.
Assets ........ $72,124
Liabilities ...... 34,739
a. Determine the stockholders’ equity of Walt Disney at the end of 20Y1.
b. If assets increased by $2,774 million and stockholders’ equity increased by $2,374 million, what was the increase or decrease in liabilities for the year 20Y2?
c. What were the total assets, liabilities, and stockholders’ equity at the end of 20Y2?
d. Based upon your answer to (c), does the accounting equation balance?