What were total assets-liabilities and stockholders equity, Financial Accounting

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What were total assets-liabilities and stockholders equity

Response to the following problem:

Campbell Soup Co. had the following assets and liabilities (in millions) as of August 3, 2003.

Assets $6,205

Liabilities 5,818

a. Determine the stockholders' equity of Campbell Soup as of August 3, 2003.

b. If assets increased by $470 and liabilities decreased by $17, what was the increase or decrease in stockholders' equity for the year ending August 1, 2004?

c. What were the total assets, liabilities, and stockholders' equity as of August 1, 2004?

d. Based upon your answer to (c), does the accounting equation balance?

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Financial Accounting: What were total assets-liabilities and stockholders equity

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Financial Accounting: What were total assets-liabilities and stockholders equity

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