Question
The total assets and total liabilities of Pat's Coffee & Tea Inc. and Pam's Corporation are shown below. Pat's Coffee & Tea Inc. (in millions)
The total assets and total liabilities of Pat's Coffee & Tea Inc. and Pam's Corporation are shown below.
| Pat's Coffee & Tea Inc. (in millions) | Pam's Corporation (in millions) | |||||||
| Assets | $51,564 | $50,017 | ||||||
| Liabilities | 22,688 | 24,008 | ||||||
Determine the owners' equity of each company.
| Pat's Coffee & Tea Inc. owners' equity | |
| Pam's Corporation owners' equity |
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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
