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 $39,100 $37,927 Liabilities 17,204 18,205
Determine the stockholders' equity of each company.
ABC Corporation stockholders' equity $..... million
XYZ Corporation stockholders' equity $ ..........million
Homework Answers
| Determine the stockholders' equity of each company |
| Asset = Liability + Stockholders Equity |
| So Stockholders equity = Assets - Liability |
| ABC Corporation stockholders' equity (Amount in $) |
| 39100 - 17204 = 21896 Million |
| XYZ Corporation stockholders' equity(Amount in $) |
| 37927 - 18205 = 19722 Million |
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