The assets and liabilities (in millions) of Walt Disney Company as of September 30, 2000, were as follows:
a. Determine the stockholders’ equity of Walt Disney as of September 30, 2000.
b. If assets decreased by $1,328 and stockholders’ equity decreased by $1,428, what was the increase or decrease in liabilities for the year ending September 30, 2001?
c. What were the total assets, liabilities, and stockholders’ equity as of September 30, 2001?
d. Based upon your answer to (c), does the accounting equation balance?