If assets increased by 1094and liabilities increased by 596

Reference no: EM13614562

Campbell Soup Co. had the following assets and liabilities (inmillions) as of July 31, 2005.

Assets $6,776

Liabilities 5,506

a.Determine thestockholders' equity of Campbell soup as of July 31, 2005

b.If assets increased by $1,094and liabilities increased by $596, what was the increase ofdecrease in stockholders' equity for the year ending July 30,2006?

c.What were the total assets, liabilities, and stockholders' equity as of July 30,2006?

d. Based upon your answer to (c),does the accounting equation balance?

Reference no: EM13614562

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