Question
The following are recent year summaries of balance sheet and income statement data (in millions) for Apple Inc. (AAPL) and Verizon Communications (VZ) . Apple
The following are recent year summaries of balance sheet and income statement data (in millions) for Apple Inc. (AAPL)and Verizon Communications (VZ).
| Apple | Verizon | |
|---|---|---|
| Year 1: | ||
| Assets | $321,686 | (e) |
| Liabilities | (a) | (f) |
| Stockholders equity | (b) | $ 22,524 |
| Increase (decrease) in assets, liabilities, and stockholders equity during Year 2: | ||
| Assets | $ 53,633 | (g) |
| Liabilities | 47,835 | $ (7,609) |
| Stockholders equity | 5,798 | (h) |
| Year 2: | ||
| Assets | (c) | $257,143 |
| Liabilities | $241,272 | (i) |
| Stockholders equity | (d) | 43,096 |
Determine the amounts of the missing items (a) through (i).
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Audit Proofing Your Return
Authors: Jr. Wade, Jack Warren
1st Edition
002622240X, 978-0026222402
