Consider Walmart, a large retailer Classify the following items as an asset (A), a liability (L), or stockholders ' equity (S) for Walmart a Accounts receivable b Long term debt c Merchandise inventory d Prepaid expenses e Accrued expenses payable f Equipment g Notes payable h Retained earnings i L...

a Accounts receivable A g Notes payable L b Longterm ...

Consider Walmart, a large retailer. Classify the following items as an asset (A), a liability (L), or

Question:

Consider Walmart, a large retailer. Classify the following items as an asset (A), a liability (L), or stockholders' equity (S) for Walmart:
a. _____ _____ Long-term debt
c. _____ Merchandise inventory
d. _____ Prepaid expenses
e. _____ Accrued expenses payable
f. _____ Equipment
g. _____ Notes payable
h. _____ Retained earnings
i. _____ Land
j. _____ _____ _____ Supplies
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... Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...