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Applying the Accounting Equation and Financial Statement Articulation Answer the following questions. (Hint: Apply the accounting equation.) a. Intel Corporation had assets equal to $92,358
Applying the Accounting Equation and Financial Statement Articulation Answer the following questions. (Hint: Apply the accounting equation.) a. Intel Corporation had assets equal to $92,358 million and liabilities equal to $34,102 million for a recent year-end. What was the total equity for Intel's business at year-end? x million b. At the beginning of a recent year, JetBlue Airways Corporation's assets were $7,070 million and its equity was $1,888 million, During the year, assets increased $280 million and liabilities increased $34 million. What was its equity at the end of the year? x million c. At the beginning of a recent year, The Walt Disney Company's liabilities equaled $32,940 million. During the year, assets increased by $6,343 million, and year-end assets equaled $81,241 million. Liabilities increased $151 million during the year. What were its beginning and ending amounts for equity? Beginning equity: $ x million Ending equity: $ X million Check
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