Reference no: EM132630551

At the beginning of a recent year, The Walt Disney Company's liabilities equaled $26,197 million. During the year, assets increased by $400 million and year-end assets equaled $50,388 million. Liabilities decreased $100 million during the year.

Question 1: What were beginning and ending amounts for Walt Disney's equity?

Option 1: $26,197 million beginning equity and $24,291 million ending equity

Option 2: $23,791 million beginning equity and $27,042 million ending equity

Option 3: $23,791 million beginning equity and $24,291 million ending equity

Option 4: $27,042 million beginning equity and $25,183 million ending equity