Acct5301 E1

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Texas Tech University *

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5301

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Accounting

Date

Feb 20, 2024

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docx

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1

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Quesion7 Comext Mark1000utof100 P Flagquestion Applying the Accounting Equation and Assessing Financial Statement Linkages The following information is available for Advanced Micro Devices (AMD) and Intel for the current year. + AMD's assets increased by $703 million and its liabilities increased by $234 million. * Intel's assets increased by $3,300 million and its liabilities decreased by $581 million. a. Complete the following table. Stockholders' s millions Beg. of year End of year _Beg. of year fyear End of year Advanced Micro Devices | $ 2486 v $3,189 520698 2303vs 886w Intel $86,274 $ 89574 v § 37,961 v $37,380 ' 52,194 v b. Calculate average assets for each company. Round your answers to the nearest million, if applicable. Advanced Micro Devices |§ 2,838 v Intel s 8794 v . Which company has the larger proportion of its assets financed by the company's owners at year- end? : v s millions Beg. of year End of year Beg. of year End of year End of year Advanced Micro Devices | $2,486| 3,189 52069 $2303 $886 ntel 586,274 $89574| $37961 $37.380 552,194 b. ‘Advanced Micro Devices $2,838 Intel $87,924 c.Intel has the larger proportion of assets financed by the company’s owners at year-end. Assets Stockholders' equity Stockholder $ millions End of Year _End of Year ‘Advanced Micro Devices $3,189 $886 Intel $89,574 $52,194 Wireless Diag
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