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12 April, 12:58

Intel Corporation had assets equal to $123,249 million and liabilities equal to $54,230 million for a recent year-end. What was the total equity for Intel's business at year-end?

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  1. 12 April, 13:21
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    total Equity at end of the year = $69019 million

    Explanation:

    given data

    assets = $123,249 million

    liabilities = $54,230 million

    to find out

    total equity

    solution

    we get here total Equity at end of the year that is express as

    total Equity at end of the year = Asset - Liabilities ... 1

    put here value we get

    total Equity at end of the year = $123,249 million - $54,230 million

    total Equity at end of the year = $69019 million
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