Does Walmart mention the valuation of financial instruments? if so, provide the comment in the disclosure notes
Does Walmart disclose any contingencies in their 2019 disclosure notes?
Target Corporation prepares its financial statements according to U.S. GAAP. Target’s financial statements and disclosure notes for the year ended February 3, 2018, are available here. This material also is available under the Investor Relations link at the company’s website (www.target.com). Required: 1. What amounts did Target report for the following items for the year ended February 3, 2018? a.Total revenues $71,879million <--- correct b.Income from current operations c.Net income or net loss $2,934million <--- correct d.Total assets $38,999million <---...
Earnings per share data is required to be reported: In disclosure notes to the financial statements. Only if it adds to the relevance of the income statement. In the summary section of the annual report. On the face of the income statement.
What are disclosure notes? Why are they important? A summary of the company's significant accounting policies is a required disclosure. Why is this disclosure important to external financial statement users?
Target Corporation prepares its financial statements according to U.S. GAAP. Target’s financial statements and disclosure notes for the year ended January 30, 2016, are available in the Connect. This material also is available under the Investor Relations link at the company’s website (www.target.com). 1) What amounts did Target report for the following items for the year ended January 30, 2016? b) Income from current operations c) Net income or net loss d) Total assets e) Total equity 2) What was...
Real World Case 3-7 (Static) Balance sheet and significant accounting policies disclosure; Walmart (LO3- 2, 3-3, 3-4, 3-8] The balance sheet and disclosure of significant accounting policies taken from the 2017 annual report of Walmart Stores Inc. appear below. Use this information to answer the following questions: WAL-MART STORES, INC. Consolidated Balance Sheets ($ in millions except per share data) As of January 31, 2017 2016 $ $ 6,867 5,835 43,046 1,941 8,705 5,624 44,469 1,441 60,239 57,689 179,492 (71,...
The balance sheet and disclosure of significant accounting
policies taken from the 2017 annual report of Walmart
The balance sheet and disclosure of significant accounting policies taken from the 2017 annual report of Walmart Stores Inc. appear below. Use this information to answer the following questions: WAL-MART STORES, INC. Consolidated Balance Sheets ($ in millions except per share data) As of January 31, 2017 2016 $ 6,867 $ 8,705 5,835 5,624 43,046 44,469 1.941 1.441 57.68960, 239 179,492 (71,782) 107,71€...
Analysis Case 15-4 Lease concepts; Walmart QL015–1 though 1015-4 Real World Financials Walmart Inc. is the world's largest retailer. A large portion of the premises that the company occupies are leased. Its financial statements and disclosure notes revealed the following information: Balance Sheet ($ in millions) 2017 2016 $11,637 $11,096 (5,169) (4,751) Assets Property: Property under finance lease obligations Less: Accumulated amortization Liabilities Current liabilities: Finance lease obligations due within one year Long-term debt: Long-term finance lease obligations 565 551...
Analyze and explain the requirements for full disclosure in financial reporting. Explain why full disclosure is important in financial reporting.