Question
Accounting Equation The total assets and total liabilities (in millions) of ABC Corporation and XYZ Corporation follow: ABC XYZ Assets $51,382 $49,841 Liabilities 22,608 23,924
Accounting Equation
The total assets and total liabilities (in millions) of ABC Corporation and XYZ Corporation follow:
| ABC | XYZ | |||
| Assets | $51,382 | $49,841 | ||
| Liabilities | 22,608 | 23,924 |
Determine the stockholders' equity of each company.
| ABC Corporation stockholders' equity | $fill in the blank 1 million |
| XYZ Corporation stockholders' equity | $fill in the blank 2 million |
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
12th edition
1305041399, 1285078586, 978-1-133-9524, 9781133952428, 978-1305041394, 9781285078588, 1-133-95241-0, 978-1133952411
