Balance Sheet

c. Describe how “cash” differs from “cash equivalents.”

d. What are Walmart’s two largest assets on the balance sheet (in dollar amounts)? How do these assets reflect Walmart’s strategy?

e. Walmart reports accounts receivable net of an allowance for uncollectible accounts. Why? Identify the events or transactions that cause accounts receivable to increase and decrease.

Also identify the events or transactions that cause the allowance account to increase and decrease.

f. How does accumulated depreciation on the balance sheet differ from depreciation expense on the income statement?

g. What is Walmart’s largest current liability in dollar amount? What does it represent? 

h. What is Walmart’s largest liability in dollar amount? In what types of assets did Walmart likely invest this financing?

 i. What does Walmart report in accumulated other comprehensive income (loss)? What does this amount represent? When, if ever, will these       gains and losses appear in net income?

Answer rating: 100% (QA)

Answer 1 Teaching Strategy We have taught this case with two approaches If an opportunity exists to distribute the case prior to the first class we give students the solutions to the questions involvi... View the full answer