1. Using Apple’s actual 9/30/17 balance sheet to answer this question, which of
ID: 2329620 • Letter: 1
Question
1. Using Apple’s actual 9/30/17 balance sheet to answer this question, which of the following best represents Apple’s Accounting Equation?
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 balance sheet to answer this question, what would be the impact to their accounting equation if Apple took out a new $1,000,000,000 bank loan in exchange for cash?
a. Assets would decrease $1,000,000,000 and Stockholders’ equity would decrease $1,000,000,000
b. Assets would decrease $1,000,000,000 and Liabilities would increase $1,000,000,000
c. Assets would increase $1,000,000,000 and Liabilities would increase $1,000,000,000
d. Assets would increase $1,000,000,000 and Stockholders’ equity would increase $1,000,000,000
3. Using Apple’s actual 9/30/17 balances shown in the balance sheet to answer this question, what would be the new Total Liabilities 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
Explanation / Answer
Accounting equation or Balance sheet equation is
Assets = Stockholder's Equity + Total Liabilites
As per Apples Balance sheet on 09/30/2017:
Assets = $375,319 million = $375,319,000,000
Stockholders or Shareholders Equity = $134,047 million = $134,047,000,000
Total liabilites = $241,272 million = $241,272,000,000
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