Better Soup Co. (BSC) had the following assets and liabilities (in millions) at the end of Year 1. Assets $45,046 Liabilities 24,325 a.  Determine the stockholders' equity of Campbell Soup at the end of Year 1. $fill in the blank 1 million b.  If assets decreased by $5,856 million and liabilities decreased by $3,153 million, what was the increase or decrease in stockholders' equity for the Year 2? Enter negative values as negative numbers. $fill in the blank 2 million   decrease  c.  What were the total assets, liabilities, and stockholders' equity at the end of Year 2? Total assets $fill in the blank 4 million Total liabilities $fill in the blank 5 million Total stockholders' equity $fill in the blank 6 million d.  Based upon your answer to (c), does the accounting equation balance? Yes

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A: Beginning liabilities=Assets-Equity=$1,200,000-$460,000=$740,000

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A: Owners equity is the amount which belongs to the owners of the business.

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A:

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