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What was the increase or decrease in liabilities

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Reference no: EM132710785

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

Assets $84,141

Liabilities 39,183

Required -

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?

Reference no: EM132710785

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