Question

a) Intel had assets equal to $103,065 million and liabilities equal to $41,980 million for a recent year-end. What was Intel's total equity at year-end

Answer 1

Answer:

$61,085 million

Explanation:

Given that,

Total assets of Intel at the year end = $103,065 million

Total liabilities of Intel at the year end = $41,980 million

Accounting equation is as follows:

Total assets = Total liabilities + Stockholder's equity

$103,065 million = $41,980 million + Stockholder's equity

$103,065 million - $41,980 million = Stockholder's equity

$61,085 million = Stockholder's equity

Therefore, the Intel's total equity at year-end is $61,085 million.