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    Nalton's Avatar
    Nalton Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 20, 2012, 01:49 PM
    Accounting answers ?
    Campbell Soup Co. Had the following assets and liabilities (in millions) as of July
    29, 2007.
    Assets $6,445
    Liabilities 5,150
    A. Determine the stockholders' equity of Campbell Soup as of July 29, 2007.
    B. If assets increased by $29 and liabilities increased by $6, what was the increase
    Or decrease in stockholders' equity for the year ending August 3, 2008?
    C. What were the total assets, liabilities, and stockholders' equity as of August 3,
    2008?
    D. Based upon your answer to (c), does the equation balance?
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Jan 20, 2012, 01:58 PM
    Please refer to this announcement

    Do not simply retype or paste a question from your book or study material

    We won't do your homework questions for you.
    You were given the assignment for you to learn.

    If you come up with your own answer and post it for us to critique that is within reason.

    If you have some SPECIFIC questions that you couldn't find or didn't understand, we may help with that.
    But this is your assignment, so show us you have at least attempted to complete it on your own.

    Thank you.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #3

    Jan 20, 2012, 03:49 PM
    Assets = Liabilities + Owners Equity (Stockholders Equity)

    So you just need to input the values you have and solve for the unknown amount.
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