Question

In: Accounting

On December 31, Starstruck Corporation reported, on its balance sheet, the following (in millions): Total assets...

On December 31, Starstruck Corporation reported, on its balance sheet, the following (in millions):

Total assets $14,329.5
Total stockholders’ equity $5,890.7
Total current liabilities $4,546.9

What did Starstruck report as total liabilities on December 31?

Select one:

a. None of the these are correct.

b. $15,673.3 million

c. $9,782.6 million

d. $8,439.8 million

e. $3,891.9 million

Solutions

Expert Solution

The correct answer is

a) None of the these are correct

Calculation

Total liabilities = total assets - total stockholders equity

= 14329.5 - 5890.7

= $ 8438.8

So the correct answer is $8438.8, but this option is not available so the correct answer is a) None of the these are correct

ekkarill92 answered 2 years ago
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