In creating financial statements, what is the underlying meaning of the figure reported for property, equipment, and the like? What information is conveyed by the nearly $93 billion balance disclosed by Wal-Mart?Īnswer: According to U.S. Based on sheer size, the information conveyed about this group of accounts is extremely significant to any decision maker analyzing Wal-Mart or other similar companies. This monetary amount was more than twice as large as any other asset reported by this company. On its January 31, 2009, balance sheet, Wal-Mart reports “property and equipment, net” of nearly $93 billion, a figure that made up almost 60 percent of the company’s total assets. These facilities contain a wide variety of machinery, fixtures and the like such as cash registers and shelving. owns thousands of huge retail outlets and supercenters located throughout the United States and many foreign countries.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |