Question
find total liabilities and total shareholders equity for 2017

OLDERS EQUITY $ 1,320 1,777 3,460 348 6,905 debt rities 3,320 2,358 1,390 707 e: 2,000,000,000 shares authorized; 2017 and 2


LUISUD Balance Sheet (in millions, except share data) December 31, 2017 De S ASSETS Current assets: Cash and cash equivalents
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Answer #1

Ans. Total stockholders equity is already given (i.e. $10,430)

Total liabilities will be equal to the difference between total liabilities and stockholders equity and total stockholders equity.

Total liabilities = Total liabilities and stockholders equity - Total stockholders equity

= $25,110 - $10,430

= $14,680

Alternative method:

We can calculate total liabilities by the following method, alternatively:

Particulars. Amount

Total current liabilities (a). $6905

Add: Non current liabilities:

Long term debt less current maturities. $3,320

Deferred income taxes. $2,358

Construction obligation. $1,390

Other non current liabilities. $707

Total non current liabilities (b). $7,775

Total liabilities (a + b). $14,680

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