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At the beginning of a recent year, The Walt Disney Company's liabilities equaled $26,197 million. During...

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. What were beginning and ending amounts for Walt Disney's equity? Select one: A. $23,791 million beginning equity and $24,291 million ending equity B. $26,197 million beginning equity and $24,291 million ending equity C. $27,042 million beginning equity and $25,183 million ending equity D. $23,791 million beginning equity and $27,042 million ending equity

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Answer #1

Beginning equity = Beginning assets - Beginning liabilities Beginning equity = $49,988 - $26,197 Beginning equity = $23,791 E

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