Wal-mart stores inc is the worlds largest retailer a large

Reference no: EM13569987

Wal-Mart Stores, 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 2011 2010 Assets Property: Property under capital lease $5,509 $5,669 Less: Accumulated amortization Liabilities Current Liabilities: Obligations under capital leases due within one year 336 346 Long-term debt: Long-term obligations under capital leases 3,150 3,170

Required:

1). Discuss some possible reasons why Walmart leases rather than purchases most of its premises.

2). The net asset "property under capital lease has a 2011 balance of $2,729 million. Liabilities for capital leases total $3,486 ($336+3,150). Why do the asset and liability amounts differ?

Reference no: EM13569987

Questions Cloud

Both high-income and low-income employees are covered by : both high-income and low-income employees are covered by cafeteria plans. under such plans all employees may select

The most recent monthly income statement for kennaman : the most recent monthly income statement for kennaman stores is given below total store i store ii sales total 2000000

N january 30 lift time corporation a wholesaler of : n january 30 lift time corporation a wholesaler of hydralic lifts acquired land in exchange for 18000 shares of 10 par

Wal-mart stores inc is the worlds largest retailer a large : wal-mart stores inc. is the worlds largest retailer. a large portion of the premises that the company occupies are

Beginning wip inventory is 900 units completed and : beginning wip inventory is 900 units completed and transferred out were 3400 units and ending wip inventory is 800

Ameen company purchased a building for 36 million ameen : ameen company purchased a building for 36 million. ameen uses straight-line depreciation for financial statement

Helen needs materials for her building business she : helen needs materials for her building business. she estimates her usage for the next four month will be 62700 in

Building 62000000 mortgage payable 36000000 drawing 5000000 : journalize the following entries for oglala supplies1-jan oglala purchases 100000 of merchandise from loopy and co.

User Account

All Pages