Wal-Marts revenues exceeded $401 billion in 2009. These revenues were generated by millions of transactions all over

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Wal-Mart’s revenues exceeded $401 billion in 2009. These revenues were generated by millions of transactions all over the world: in the United States, Canada, Europe, South America, and Asia. What is the process used by Wal-Mart to transform this tremendous amount of transaction data into summarized information reported to the general public in the form of financial statements?

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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