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21 April, 21:07

On October 2, 2016 Starbucks Corporation reported, on its Form 10-K, the following (in millions) : Total assets $14,329.5 Total stockholders' equity 5,890.7 Total current liabilities 4,546.9 What did Starbucks report as total liabilities on October 2, 2016? Select one: A. $12,516.7 million B. $6,377.3 million C. $995.0 million D. $8,438.8 million E. None of the above

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  1. 21 April, 21:28
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    D. $8,438.8 million

    Explanation:

    Having equity and assets with the accounting equation we can solve for the amount of liabilities:

    Assets = Equity + Liability

    14,329.5 = 5,890.7 + Liabilities

    14,329.5 - 5,890.7 = Liaiblities

    8438.8 = Liabilities

    The current laibilities is part of the total liabilities, we should ignore that data.
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