The Walt Disney Company (DIS) had the following assets and liabilities (in millions) at the end of

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The Walt Disney Company (DIS) had the following assets and liabilities (in millions) at the end of Year 1.

Assets .................................. $92,033

Liabilities ............................. 44,710

a. Determine the stockholders’ equity of Walt Disney at the end of Year 1.

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?

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?

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Survey Of Accounting

ISBN: 9780357132593

9th Edition

Authors: Carl S. Warren, Amanda Farmer

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Question Posted: Sep 25, 2020 04:54 AM

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The Walt Disney Company (DIS) had the following assets and liabilities (in millions) at the end of

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Amounts in millions a 47323 92033 44710 b 6075 increa...View the full answer

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