Campbell Soup Co. (CPB) had the following assets and liabilities (in millions) at the end of Year 1.
Assets............$8,113
Liabilities.........6,498
a. Determine the stockholders' equity of Campbell Soup at the end of Year 1.
b. If assets decreased by $24 million and liabilities increased by $211 million, what was the increase or decrease in stockholders' equity for the Year 2?
c. What were the total assets, liabilities, and stockholders' equity at the end of Year 2?
d. Based upon your answer to (c), does the accounting equation balance?