Costco is the third largest retail company in the United States with sales of nearly $90 billion The companys balance sheet on August 28, 2011, had total assets of $26,271 million and stockholders equity of $12,002 million 1 Compute Costcos total liabilities on August 28, 2011 2 As of August 28, 20...

1 Total liabilities Total assets stockholders equity 262710 ...

Costco is the third largest retail company in the United States with sales of nearly $90 billion.

Question:

Costco is the third largest retail company in the United States with sales of nearly $90 billion. The company’s on August 28, 2011, had total assets of $26,271 million and stockholders’ equity of $12,002 million.
1. Compute Costco’s total liabilities on August 28, 2011.
2. As of August 28, 2011, Costco had issued 434,266,000 shares of with a of $.005 per share. Compute the balance in the account, Common Stock, on Costco’s 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,...