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Accounting Equation The following are recent year summaries of balance sheet and income statement data (in millions) for Apple Inc. (AAPL) and Verizon Communications (VZ).
Accounting Equation The following are recent year summaries of balance sheet and income statement data (in millions) for Apple Inc. (AAPL) and Verizon Communications (VZ). Determine the missing amounts. Enter decreases as negative amounts. Apple Verizon Year 1: Assets $118,595 Liabilities $ Stockholders' equity $178,170 Increase (Decrease) in assets, liabilities, and stockholders' equity during Year 2: Assets $30,182 Liabilities 5,779 $(23,493) Stockholders' equity 24,403 Year 2: Assets $472,445 Liabilities 0,1 $29,579 Stockholders' equity 176,111
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