The following are recent year summarics of balance sheet and income statemeil data (in millions) for Apple Inc. (AAPL) and Verizon Communications (VI. Apple Verizon Year 1: Assets $231,839 Liabilities Stockholdens'equity Increase (Decreasej in assets, labilities, and stockholden'equity during Year 2: Assets Liabilities (b) $ 58,640 50,832 7,808 igl 14,85 Stockholdens'equity Year 2: Asets $231,708 Liabilities $171,124 Stockholdensequity 12,298 Determine the amounts of the missing items (a) through (i).
The following are recent year summarics of balance sheet and income statemeil data (in millions) for Apple Inc. (AAPL) and Verizon Communications (VI. Apple Verizon Year 1: Assets $231,839 Liabilities Stockholdens'equity Increase (Decreasej in assets, labilities, and stockholden'equity during Year 2: Assets Liabilities (b) $ 58,640 50,832 7,808 igl 14,85 Stockholdens'equity Year 2: Asets $231,708 Liabilities $171,124 Stockholdensequity 12,298 Determine the amounts of the missing items (a) through (i).
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 1.3.2P: Income statement, retained earnings statement, and balance sheet The following financial data were...
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| The following are recent year summeries of balance sheet and income statement data ( in millions) for Apple Inc.(AAPL) and Verizon Commucations(VZ). |
Transcribed Image Text:The following are recent year summarics of balance sheet and income statemeil data (in
millions) for Apple Inc. (AAPL) and Verizon Communications (VI.
Apple
Verizon
Year 1:
Assets
$231,839
Liabilities
Stockholdens'equity
Increase (Decreasej in assets, labilities,
and stockholden'equity during Year 2:
Assets
Liabilities
(b)
$ 58,640
50,832
7,808
igl
14,85
Stockholdens'equity
Year 2:
Asets
$231,708
Liabilities
$171,124
Stockholdensequity
12,298
Determine the amounts of the missing items (a) through (i).
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