The balance sheet and disclosure of significant accounting policies taken from the 2009 annual report of Walmart
Question:
1. What are the asset classifications contained in Walmart's balance sheet?
2. What amounts did Walmart report for the following items for 2009:
a. Total assets
b. Current assets
c. Current liabilities
d. Total shareholders' equity
e. Retained earnings
f. Inventories
3. What is the par value of Walmart's common stock? How many shares of common stock are authorized, issued, and outstanding at the end of 2009?
4. Compute Walmart's current ratio for 2009.
5. Identify the following items:
a. The company's inventory valuation method.
b. The company's depreciation method.
c. The definition of cash equivalents.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
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Step by Step Answer:
Requirement 1 The asset classifications are 1 Current assets 2 Plant and equipment 3 Property under ...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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