What information can be calculated from Facebook’s trial balance?

facebook logoFacebook, Inc., is a publicly held corporation and issued its financial statements for 2015 earlier in 2016. To follow is a condensed and adapted trial balance as of December 31, 2015, that was constructed from those financial statements.

Please note that the accounts have been adapted and condensed for educational use and should not be used for investment decisions.

Facebook Trial Balance

Facebook trial balance - see Excel file for reader version
















You can download the Excel version of the trial balance here.

Facebook’s complete, unabridged financial statements can be found on its investor relations website.

Questions (calculate each of the following totals using Facebook’s trial balance)

  1. Current assets
  2. Total assets
  3. Current liabilities
  4. Total liabilities
  5. Net income
  6. Ending retained earnings
  7. Total stockholders’ equity
  8. Write Facebook’s accounting equation as of December 31, 2015.

Instructor Resources

These resources are provided to give the instructor flexibility for use of Accounting in the Headlines articles in the classroom. The blog posting itself can be assigned via a link to this site OR by distributing the student handout below. Alternatively, the PowerPoint file below contains a bullet point overview of the article and the discussion questions.

  • Student handout (pdf) (word) (contains entire blog posting + discussion questions)
  • PowerPoint file (brief article overview + discussion questions)

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.

About Dr. Wendy Tietz, CPA, CMA, CSCA, CGMA

Dr. Wendy Tietz is a professor of accounting at Kent State University in Kent, Ohio, USA. She is also a textbook author with Pearson Education.

2 Responses to “What information can be calculated from Facebook’s trial balance?”

  1. Dr. Tietz:

    Do you publish the solutions to the questions you ask in the different scenarios you present?


    Brian Gilligan

    Morton College

    Phone: (773) 732-9322

    E-mail: brian.gilligan@morton.edu


    • Dr. Wendy Tietz, CPA, CMA, CGMA Reply September 1, 2016 at 4:41 pm

      Brian: I do not publish solutions for two main reasons. First, many of the questions do not have clear-cut answers and are meant to generate discussion – publishing solutions would suggest that there is only one correct answer. Secondly, many professors use these postings and questions for graded assignments. I have no way to control who gets solutions – if I post them, they would be fully available to everyone including students.

      Have a nice day. Wendy

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