The Walt Disney Company (DIS) had the following assets and liabilities (in millions) at the end of

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The Walt Disney Company (DIS) had the following assets and liabilities (in millions) at the end of Year 1.

Assets..........$84,141

Liabilities........36,183

a. Determine the stockholders' equity of Walt Disney at the end of Year 1.

b. If assets increased by $4,041 million and stockholders' equity decreased by $433 million, what was the increase or decrease in liabilities for the Year 2?

c. What were the total assets, liabilities, and stockholders' equity at the end of Year 2?

d. Based upon your answer to (c), does the accounting equation balance?

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Survey of Accounting

ISBN: 978-1305961883

8th edition

Authors: Carl S. Warren

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Question Posted: Feb 16, 2017 09:15 AM

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The Walt Disney Company (DIS) had the following assets and liabilities (in millions) at the end of

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a 44958 84141 39183 b 4474 increase 4041 433 c Total ...View the full answer

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