Question

In: Accounting

The total assets and total liabilities (in millions) of Keurig Green Mountain Inc and starbucks corporation follow

Particulars	Keurig Green Mountain	Starbucks
Assets`	$4,002	$12,446
Liabilities	1,288	6,628

Determine the owner's Equity of each company

Expert Solution

Accounting equations are accounting tools that are stated in the form of equations that create a relationship between a company's resources or assets and resource claims to creditors and owners. The accounting equation is written as shown below.

Assets = liabilities + owner's Equity

Calculation of owner's equity for the company Keurig Green Mountain

Assets = liabilities + Owner's Equity

Owner's Equity = Assets - Liabilities

=$4,002 - $1,288

=$2,714

Calculation of owner's equity for the company Starbucks

Assets = liabilities + Owner's Equity

Owner's Equity = Assets - Liabilities

=$12,446 - $6,628

=$5,818

(a)Owner's Equity for the company Keurig Green Mountain is $2,714 million

(b)Owner's Equity for the company Starbucks is $5,818 million

balaji rao answered 2 years ago

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