Question
Answer the following questions. ( Hint: Apply the accounting equation.) a. Intel Corporation had assets equal to $64,186 million and liabilities equal to $13,756 million
Answer the following questions. (Hint: Apply the accounting equation.)
a. Intel Corporation had assets equal to $64,186 million and liabilities equal to $13,756 million for a recent year-end. What was the total equity for Intel's business at year-end?
$Answer million b. At the beginning of a recent year, JetBlue Airways Corporation's assets were $7,549 million and its equity was 2,546 million. During the year, assets increased $44 million and liabilities increased $64 million. What was its equity at the end of the year?
$Answer million c. At the beginning of a recent year, The Walt Disney Company's liabilities equaled $30,864 million. During the year, assets increased by $2,918 million, and year-end assets equaled $72,124 million. Liabilities increased $2,807 million during the year. What were its beginning and ending amounts for equity? Beginning equity: $Answer million Ending equity: $Answer million
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