I choose Walmart financial statement 2020 report

• Summary and ConclusionSummarizing is similar to paraphrasing but presents the gist of the material in fewer words than the original. An effective summary identifies the main ideas and major support points from the body of your report. Minor details are left out. Summarize the benefits of the ideas and how they affect the tourism industry.

• Objective: To analyze the financial statements of a publicly-traded company

  Obtain an annual report from a publicly traded corporation that is interesting to you. Be sure the company's financial statements include deferred taxes, postretirement benefits, dilutive securities, and share-based compensation.

  Using techniques you have learned in the previous weeks, respond to the following questions.

• What amount of deferred tax assets or deferred tax liabilities are on the two most recent years on the balance sheet? What gives rise to these deferred taxes? What information is disclosed in the footnotes related to deferred taxes? Please define a deferred tax asset and deferred tax liability.
• What temporary and permanent differences does the company disclose in its footnotes? What are some other examples of temporary and permanent differences?
• What is the amount of income tax provision in the two most recent years on the income statement? What information is disclosed in the footnotes relating to income tax expenses? Does the company have a net operating loss carry-forward or carry-back? What are the guidelines for carry-forwards and carry-backs?
• Does the company have a defined benefit or defined contribution plan? What are the key elements of the plan discussed in the footnotes? What amounts on the balance sheet related to this plan? What are the differences between defined benefit and defined contribution plans?

• Does the company have capital leases? If so, what are the amounts and terms of the leases? What are the four criteria for a lease to be considered a capital lease? What are the additional criteria for the lessor? What is the difference between a sales-type lease and a direct-financing lease?

• Does the income statement contain any separately reported items, such as discontinued operations, in any year presented? If it does, describe the event that caused the item. (Hint: There should be a related footnote.)

• Are there any subsequent events, errors, and irregularities, illegal acts, or related-party transactions that have a material effect on the financial statements?

• Does the company use the direct or indirect cash flow presentation method? What is the difference between these two methods? How does the cash flow statement agree to the other financial statements?
• What investing and financing activities does the company have? What are some other examples of investing and financing activities?
• What noncash transactions does the company have on its cash flow statement? What are some other examples of noncash transactions?
• I want the only conclusion on Walmart annual report 2019-20.