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The following accounts are taken from the financial statements of Facebook Inc. at September 30, 2016. (Amounts are in millions.) Accounts Payable $ 2,600 Accounts
The following accounts are taken from the financial statements of Facebook Inc. at September 30, 2016. (Amounts are in millions.)
Accounts Payable | $ | 2,600 | |
Accounts Receivable | 3,100 | ||
Cash | 6,000 | ||
Common Stock | 15,700 | ||
Equipment | 7,900 | ||
Income Tax Expense | 790 | ||
Interest Expense | 50 | ||
Notes Payable (long-term) | 3,000 | ||
Prepaid Rent | 1,100 | ||
Retained Earnings | 38,400 | ||
Service Revenue | 7,000 | ||
Short-Term Investments | 20,100 | ||
Software | 21,500 | ||
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Using the balance sheet, indicate whether the total assets of Facebook Inc. at the end of the year were financed primarily by liabilities or by stockholders' equity.
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