Use Samsungs December 31, 2016, financial statements in Appendix A near the end of the book to

Question:

Use Samsung’s December 31, 2016, financial statements in Appendix A near the end of the book to answer the following.

a. Identify the amounts (in millions of Korean won) of Samsung’s 2016 (1) assets, (2) liabilities, and (3) equity.

b. Using amounts from part a, verify that Assets = Liabilities + Equity.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...

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