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The accounting equation is Assets = Liabilities + Stockholders Equity. Appendix A reproduces Apples financial statements. Replacing words in the equation with dollar amounts, what is Apples accounting equation at September 30, 2017?

The accounting equation is Assets = Liabilities + Stockholders’ Equity. Appendix A reproduces Apple’s financial statements. Replacing words in the equation with dollar amounts, what is Apple’s accounting equation at September 30, 2017?

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Related Book For  answer-question
Financial Accounting Tools for Business Decision Making

Financial Accounting Tools for Business Decision Making

ISBN: 978-1119493631

9th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Details
Chapter # 1
Section: Question
Problem: 21
Posted Date: August 20, 2019 11:16:16
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The accounting equation is a formula that shows the sum of a company\\\'s liabilities and shareholders\\\' equity are equal to its total assets (Assets = Liabilities + Equity). The clear-cut relationship between a company\\\'s liabilities, assets, and equity is the backbone of double-entry bookkeeping.

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