Answer:
a. The amount of stockholders' equity of ExxonMobil is $105 billion.
b. The amount of total assets of Citigroup is $1,434 billion
c. The amount of total liabilities of Amazon.com is $2.96 billion.
d. The amount of the change in stockholders' equity of Nike is $0.74 billion
Explanation:
We will the accounting equation to answer the question
Accounting Equation
Total Assets = Total Equity + Total Liabilities
a.
ExxonMobil
Where
Total assets = $196 billion
Total liabilities = $91 billion
Placing values in the equation
$196 billiom = Total Equity + $91 billion
Total Equity = $196 - $91 billion
Total Equity = $105 billion
b.
Citigroup
where
Total liabilities = $1,340 billion
Stockholders' equity = $94 billion
Placing values in the equation
Total Assets = $94 billion + $1,340 billion
Total Assets = $1,434 billion
c.
Amazon.com
Where
Total assets = $3.1 billion
Total stockholders' equity = $0.14 billion
placing values in the equation
$3.1 billion = $.14 billion + Total Liabilities
Total Liabilities = $3.1 billion - $.14 billion
Total Liabilities = $2.96 billion
d.
Nike
Change in Assets = Change in equity + Change in liabilities
Where
Increase in assets = $1.04 billion
Increase in liabilities = $0.3 billion
Placing values in the equation
$1.04 billion = Change in equity + $0.3 billion
Change in equity = $1.04 billion - $0.3 billion
Change in equity = $0.74 billion
