Camp bell Soup Co. had the following assets and liabilities (inmillions) as of July 31, 2005.
Assets $6,776
Liabilities 5,506
a. Determine the stockholders' equity of Camp bell soup as of July 31, 2005
b. If assets increased by $1,094and liabilities increased by $596, what was the increase of decrease in stockholders' equity for the year ending July 30,2006?
c. What were the total assets, liabilities, and stockholders' equity as of July 30,2006?
d. Based upon your answer to (c), does the accounting equation balance?