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
……. Million
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?
………Million…….
c. What were the total assets, liabilities, and stockholders’ equity at the end of Year 2?
total assets……….Million
total liabilities…….Million
total stockholders……….Million
d. Based upon your answer to (c), does the accounting equation balance?