At the beginning of the year, Marchon, Inc. had $8,903 million in assets and $1,380 million in equity. During the year, Marchon's assets decreased by $970 million while its equity decreased by $238 million. How much were Marchon's liabilities at the beginning and end of the year?

Question

Quizplus · Accepted Answer

The Answer of At the beginning of the year, Marchon, Inc. had $8,903 million in assets and $1,380 million in equity. During the year, Marchon's assets decreased by $970 million while its equity decreased by $238 million. How much were Marchon's liabilities at the beginning and end of the year?

At the Beginning of the Year, Marchon, Inc