Homework Answers
Calculate following
| Apple | Verizon | |
| Year 1 | ||
| Assets | 231839 | 235262+38836 = 274098 |
| Liabilities | 171124-50832 = 120292 | 220410+14852 = 235262 |
| Stockholder's equity | 231839-120292 = 111547 | 38836 |
| Increase (decrease) assets or liabilities | ||
| and stockholder's equity during year 2 | ||
| Assets | 58640 | 274098-232708 = -41390 |
| Liabilities | 50832 | -14852 |
| Stockholder's equity | 7808 | 38836-12298 = -26538 |
| Year 2: | ||
| Assets | 231839+58640 = 290479 | 232708 |
| Liabilities | 171124 | 232708-12298 = 220410 |
| Stockholder's equity | 290479-171124 = 119355 | 12298 |
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