EX 1-5 Accounting equation

The total assets and total liabilities (in millions) of Dollar Tree Inc. and Target Corporation follow:

              Dollar Tree | Target Corporation

Assets          $2,329 | $46,630

Liabilities           984 | 30,809

Determine the stockholders’ equity of each company.

Answer:

Dollar Tree’s stockholders’ equity: $2,329 – $984 = $1,345 

Target’s stockholders’ equity: $46,630 – $30,809 = $15,821