k ces Visit www.sec.gov/edgar and search for the Costco annual report (10-K) for the year ended...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
k ces Visit www.sec.gov/edgar and search for the Costco annual report (10-K) for the year ended September 1, 2019, using EDGAR (Electronic Data Gathering, Analysis, and Retrieval system). Required: Locate the "Consolidated Balance Sheets" and answer the following questions: 1. What is the amount of total assets for the most recent year? 2. What is the amount of total liabilities for the most recent year? 3. What is the amount of total equity for the most recent year? 4. Do total assets minus total liabilities equal total equity for the most recent year? 5. Calculate total non-current assets for the most recent year. 6. Did Costco's long-term debt increase or decrease from the prior year and by how much? 7. Did Costco's retained earnings balance increase or decrease from the prior year and by how much? Note: For all requirements, enter your answers in millions. 1. Total assets 2. Total liabilities 3. Total equity 4. Do total assets minus total liabilities equal total equity? 5. Total non-current assets 6. Costco's long-term debt 7. Costco's retained earnings $ $ $ Yes $ increased increased 45,400 million 29,816 million 15,584 million 21,915 million over the previous year by over the previous year by $ million 2,371 million k ces Visit www.sec.gov/edgar and search for the Costco annual report (10-K) for the year ended September 1, 2019, using EDGAR (Electronic Data Gathering, Analysis, and Retrieval system). Required: Locate the "Consolidated Balance Sheets" and answer the following questions: 1. What is the amount of total assets for the most recent year? 2. What is the amount of total liabilities for the most recent year? 3. What is the amount of total equity for the most recent year? 4. Do total assets minus total liabilities equal total equity for the most recent year? 5. Calculate total non-current assets for the most recent year. 6. Did Costco's long-term debt increase or decrease from the prior year and by how much? 7. Did Costco's retained earnings balance increase or decrease from the prior year and by how much? Note: For all requirements, enter your answers in millions. 1. Total assets 2. Total liabilities 3. Total equity 4. Do total assets minus total liabilities equal total equity? 5. Total non-current assets 6. Costco's long-term debt 7. Costco's retained earnings $ $ $ Yes $ increased increased 45,400 million 29,816 million 15,584 million 21,915 million over the previous year by over the previous year by $ million 2,371 million
Expert Answer:
Answer rating: 100% (QA)
What is the amount of total assets for the most recent year According to the Annual Report the total assets for Costco Wholesale Corporation COST as o... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
Students also viewed these accounting questions
-
Explain benefits of having an Organic Design for a business organization that face high competition in the consumer market.
-
Consider two industries in which firms hold the following market shares: Industry A: 25%, 20%, 18%, 15%, 8%, 7%, 4%, 2%, 1% Industry B: 30%, 10%, 9%, 8%, 8%, 8%, 8%, 6%, 6%, 5%, 2% What are the...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Peete's Coffee and Tea purchased equipment on March 1, 2022 for $17,400. It is estimated that the equipment will have a $300 salvage value at the end of its 6 -year useful life. It is also estimated...
-
On December 31, 2013, the Income Statement section of the worksheet for Thomason Company contained the following information. Give the entries that should be made in the general journal to close the...
-
Devise a experiment that will test the kinetic viscosityof turbine lube oil - and how we will know whether it is contaminated. Show how a block diagram can be made for this. Note - The viscosity of...
-
The following information is taken from the annual report of the Walgreens Boots Alliance, Inc..: Walgreens uses LIFO to value its inventory. Restate the companys financial results for 2015 assuming...
-
Assume a government leases equipment to be used in governmental activities under a noncancelable lease, meeting the requirements for classification as a capital lease. Where would the capital lease...
-
A company has a liability for employee benefits (relating to long-service leave) with a carrying amount of $400 000, which will be deductible when the amounts are actually paid. The company has also...
-
As a business owner, I have 3 different locations within the Denver Metro area. Two of those places are retail sales operations with about 3,500 square feet in each retail location. The third...
-
What are the differences between Libel and Slander?
-
Assume a loan and property with the following characteristics: Property value: $300,000; Down payment: $50,000; Loan type: Hybrid 5/25 payment option ARM; Initial rate: 4% annual; Fully-indexed rate:...
-
My name is Rowena Leal, you can call me weng for short, from Philippines. What is your background in Finance I don't have any Finance background right now, but im willing to learn for it for my...
-
We all have our own biases that we may not even realize we have our implicit biases. Harvard's Project Implicit website provides a test that you can use to explore the implicit biases you may have....
-
What is the role of the financial manager in the flows of funds in the enterprise? 2. What is the main function of the financial markets in the financial environment? 3. Give 2 examples of financial...
-
PT. Lima Putra processes its products through two production departments, namely the cutting and assembly department. All materials are cut in the cutting department for then forwarded to the...
-
Do you think every employee of an organization must have organizational citizenship behavior to achieve its goal? Justify.
-
Explain the term global capital markets. This chapter primarily discusses global equity markets. What other types of financial instruments are traded in these markets? How important are global...
-
Name five events that might change the balance of the PBO.
-
You are the new controller for Moonlight Bay Resorts. The company CFO has asked you to determine the company's interest expense for the year ended December 31, 2011. Your accounting group provided...
-
On January 1, 2011, National Insulation Corporation (NIC) leased office space under a capital lease. Lease payments are made annually. Title does not transfer to the lessee and there is no bargain...
-
As the amount of a variable input is increased, the amount of other fixed inputs being held constant, a point will ultimately be reached beyond which marginal product will decline. This point is...
-
Fixed costs are costs that _________ with the level of output.
-
Average total cost equals _________ divided by the _________ produced.
Study smarter with the SolutionInn App