1. Using Apple’s actual 9/30/17 balance sheet to answer this question, which of the following best...

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Accounting

1. Using Apple’s actual 9/30/17 balance sheet to answer thisquestion, which of the following best represents Apple’s AccountingEquation?

a. $375,319,000,000 = $241,272,000,000 + $134,047,000,000

b. $128,645,000,000 = $100,814,000,000 + $27,831,000,000

c. $194,714,000,000 = $100,814,000,000 + $93,900,000,000

d. $241,272,000,000 = $107,225,000,000 + $134,047,000,000

2. Using Apple’s actual 9/30/17 balances shown in the balancesheet to answer this question, what would be the impact to theiraccounting equation if Apple took out a new $1,000,000,000 bankloan in exchange for cash?

a. Assets would decrease $1,000,000,000 and Stockholders’ equitywould decrease $1,000,000,000

b. Assets would decrease $1,000,000,000 and Liabilities wouldincrease $1,000,000,000

c. Assets would increase $1,000,000,000 and Liabilities wouldincrease $1,000,000,000

d. Assets would increase $1,000,000,000 and Stockholders’ equitywould increase $1,000,000,000

3. Using Apple’s actual 9/30/17 balances shown in the balancesheet to answer this question, what would be the new TotalLiabilities if Apple took out a new $1,000,000,000 bank loan?

a. $242,272,000,000

b. $376,319,000,000

c. $135,047,000,000

d. $100,814,000,000

Answer & Explanation Solved by verified expert
4.0 Ratings (780 Votes)
Accounting equation or Balance sheet equation is Assets Stockholders Equity Total Liabilites As per Apples Balance sheet on 09302017 Assets 375319 million 375319000000    See Answer
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