Question
Reconstruct an adjusted trial balance for the company, from the information presented in the specified financial statement. (Amounts in millions) 2020 ASSETS Current assets: Cash
Reconstruct an adjusted trial balance for the company, from the information presented in the specified financial statement.
(Amounts in millions) |
| 2020 |
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ASSETS |
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Current assets: |
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Cash and cash equivalents |
| $ | 9,465 |
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| $ |
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Receivables, net |
| 6,284 |
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Inventories |
| 44,435 |
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Prepaid expenses and other |
| 1,622 |
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Total current assets |
| 61,806 |
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Property and equipment, net |
| 105,208 |
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Operating lease right-of-use assets |
| 17,424 |
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Finance lease right-of-use assets, net |
| 4,417 |
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Property under capital lease and financing obligations, net |
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Goodwill |
| 31,073 |
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Other long-term assets |
| 16,567 |
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Total assets |
| $ | 236,495 |
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LIABILITIES AND EQUITY |
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Current liabilities: |
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Short-term borrowings |
| $ | 575 |
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Accounts payable |
| 46,973 |
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Accrued liabilities |
| 22,296 |
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Accrued income taxes |
| 280 |
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Long-term debt due within one year |
| 5,362 |
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Operating lease obligations due within one year |
| 1,793 |
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Finance lease obligations due within one year |
| 511 |
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Capital lease and financing obligations due within one year |
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Total current liabilities |
| 77,790 |
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Long-term debt |
| 43,714 |
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Long-term operating lease obligations |
| 16,171 |
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Long-term finance lease obligations |
| 4,307 |
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Long-term capital lease and financing obligations |
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Deferred income taxes and other |
| 12,961 |
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Commitments and contingencies |
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Equity: |
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Common stock |
| 284 |
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Capital in excess of par value |
| 3,247 |
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Retained earnings |
| 83,943 |
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Accumulated other comprehensive loss |
| (12,805 | ) |
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Total Walmart shareholders' equity |
| 74,669 |
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Noncontrolling interest |
| 6,883 |
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Total equity |
| 81,552 |
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Total liabilities and equity |
| $ | 236,495 |
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