Question

The total assets and total liabilities (in millions) of ABC Corporation and XYZ Corporation follow: ABC...

The total assets and total liabilities (in millions) of ABC Corporation and XYZ Corporation follow:

ABC XYZ
Assets $30,537 $29,621
Liabilities 13,436 14,218

Determine the stockholders' equity of each company.

ABC Corporation stockholders' equity $ million
XYZ Corporation stockholders' equity $ million
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Answer #1

Solution

ABC Corporation stockholders' equity $ 17,101 million
XYZ Corporation stockholders' equity $ 15,403 million

Working

Assets = Liabilities+ Equity
Stockholder's equity= Assets -Liability

.

$ in million ABC XYZ
Assets $ 30,537.00 $      29,621.00
Less: Liabilities $ 13,436.00 $      14,218.00
Stockholder's equity $ 17,101.00 $      15,403.00
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