El-35. Applying the Accounting Equation and Assessing Financial Statement Linkages The following information is available for Advanced

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El-35. Applying the Accounting Equation and Assessing Financial Statement Linkages The following information is available for Advanced Micro Devices (AMO) and Intel for the current year.

• AMD's assets increased by $ 1,004 million and its liabilities increased by $334 million.

• Intel's assets increased by $4,7 14 mi ll ion and its liabi lit ies decreased by $830 million.

a. Complete the following table.

Assets, Liabilities, Stockholders'
beginning Assets, beginning Liabilities, Equity, end of $millions of year end of year of year end of year year Advanced Micro Devices .. . $4,556 $2,956 Intel .......... . ......... $123,249 $53,400

b. Calculate average assets for each company.
$ millions Average Assets Advanced Micro Devices ......... .
Intel ............. .. .. .. ....... .

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Financial Statement Analysis And Valuation

ISBN: 9781618533609

6th Edition

Authors: Peter D. Easton, Mary Lea Mcanally, Gregory A. Sommers

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