Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

ASSETS

Current assets:

Cash and cash equivalents

$

9,465

$

Receivables, net

6,284

Inventories

44,435

Prepaid expenses and other

1,622

Total current assets

61,806

Property and equipment, net

105,208

Operating lease right-of-use assets

17,424

Finance lease right-of-use assets, net

4,417

Property under capital lease and financing obligations, net

Goodwill

31,073

Other long-term assets

16,567

Total assets

$

236,495

LIABILITIES AND EQUITY

Current liabilities:

Short-term borrowings

$

575

Accounts payable

46,973

Accrued liabilities

22,296

Accrued income taxes

280

Long-term debt due within one year

5,362

Operating lease obligations due within one year

1,793

Finance lease obligations due within one year

511

Capital lease and financing obligations due within one year

Total current liabilities

77,790

Long-term debt

43,714

Long-term operating lease obligations

16,171

Long-term finance lease obligations

4,307

Long-term capital lease and financing obligations

Deferred income taxes and other

12,961

Commitments and contingencies

Equity:

Common stock

284

Capital in excess of par value

3,247

Retained earnings

83,943

Accumulated other comprehensive loss

(12,805

)

Total Walmart shareholders' equity

74,669

Noncontrolling interest

6,883

Total equity

81,552

Total liabilities and equity

$

236,495

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

How flying airoplane?

Answered: 1 week ago