1. Use these data to write CoffeeShop Doughnuts’ accountin (In millions) Assets = Liabiliti + Equity $ 880 = $ 470 + $ 410 Assets Current assets $ 280 PPE 430 Other assets 170 Total $ 880 Liabilities Current liabilities $ 170 Long-term liabiliti 300 Total $ 470 Equity Total assets $ 880 Less: Total Liabili $ 470 Equity $ 410
1. Use these data to write CoffeeShop Doughnuts accounting
equation.(In millions)Assets=Liabilities
+Equity$880=$470+$410AssetsCurrent assets $280PPE430Other
assets170Total$880LiabilitiesCurrent liabilities$170Long-term
liabilities300Total$470EquityTotal assets$880Less: Total
Liabilities$470Equity$410
