Question
Walmart Inc. has the following information: Item Amount (USD) Cash $1,000,000 Accounts Receivable $500,000 Inventory $2,000,000 Accounts Payable $1,000,000 Short-term Loans Payable $500,000 Long-term Loans
Walmart Inc. has the following information:
Item | Amount (USD) |
Cash | $1,000,000 |
Accounts Receivable | $500,000 |
Inventory | $2,000,000 |
Accounts Payable | $1,000,000 |
Short-term Loans Payable | $500,000 |
Long-term Loans Payable | $2,000,000 |
Common Stock | $5,000,000 |
Retained Earnings | $3,000,000 |
Calculate the total current assets and total liabilities for Walmart Inc.
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Accounting Theory Conceptual Issues in a Political and Economic Environment
Authors: Harry Wolk, James Dodd, John Rozycki
8th edition
1412991692, 978-1412991698
