cac-monsanto
cac-monsanto
cac-monsanto
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•The following table shows the accounting equation<br />
for 2007 and 2008.<br />
Year Assets Liabilities Stockholder’s<br />
Equity<br />
2008 17,991 8,617 9,374<br />
2007 12,963 5,460 7,503<br />
The quantities above are in millions of dollars<br />
•What I can see from the table is that all the accounts<br />
have increased, but the assets account has increased<br />
the most. Those figures show that the company’s<br />
economic resources are in good shape; meaning that<br />
the company can afford its debts.