Using Wal-Marts 2009 Form 10-K in Appendix A, answer the following questions: 1. What type of items

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Using Wal-Mart’s 2009 Form 10-K in Appendix A, answer the following questions:
1. What type of items compose Wal-Mart’s inventory?
2. Review Wal-Mart’s balance sheet to determine the amount of inventory on hand on January 31, 2009.
3. What inventory method does Wal-Mart use?

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...
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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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