Question

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?

Answer 1

total Equity at end of the year = $69019 million

Step-by-step 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