Who audit Wal-Mart Stores Inc balance sheet statement 2009?
Look i'm an expert at buying clothes and being at the store but i hate boring stuff like this
1 person found this useful
Income Statement is another type of a financial statement. It summarizes activities and events of one company which happened in a period of time. Usually, there are monthly, q…uarterly, and annual income statement. An income statement will show all revenues, all expenses, and net profits in detail. On the contrary, a balance sheet show a company financial positions such as assets and debt at that precise date. A balance sheet will show company's assets, liabilities and sharesholders equities. Assuming no asset or liability changes, one take the net profit figures from an income statement and add it to the shareholders equities portion. For financial statement analysis purposes, having either one is useless. It is essential to have both income statement and balance sheet together. -------------------- Additional Answer Balance sheet indicate what the firm owns and how these assets are financed in the form of liabilities or ownership interest. While income statement purports to show the profitability of the firm, the balance sheet declineates the firm's holdings and obligations. Together, these statements are intended to answer two questions: How much did the firm make or lose, and what is na measure ot its worth? An income statement (profit and loss statement) summarises the company's income and expenditure coming down the the profit or loss for the period. This is a statement over a certain period of time, for example a month or a year.A balance sheet summarises the assets and liabilities of the business and is a statement at one period in time
Income statement shows the income and expenses related to one fiscal year while balance sheet shows the overall performance from inception to till date.
\nbal sheet is a statement which shows assets and liabilities of the co./firm or any organisation with profit or losses
Current period profit or loss is shown on both financial statements - at the bottom of the Income Statement and in the Retained Earnings section of the Balance Sheet.
Depends on the item. Normally, it is the same as walmart.com, which you can view at: http://www.walmart.com/returns. Airbeds 15 days.. Ammo/Gun---All sales final. Guns can b…e sent out for repair.. Walmart prides itself with saying we will do refund, exchange or repair.. I work for walmart. A item that always seems to get a different answer depending on which worker you ask and each store is how long do i have on the fish i buy. The next time you want to have some proof in your hand on fish, it to keep the bag that your fish come in. The reason is the bag that the put the fish in, has the return policy and amount of time printed on the bag.. Some stores are very by the book on returning something and others are not. Let me know if you have a particular item you are curious about or what to do if they are not willing to help.. email@example.com
You can try this.. President & CEO of Walmart Stores/Supercenters USA: Eduardo Castro-Wright Email Address: Euardo.Castro@wal-mart.com Phone: 1-479-277-2430. wwamanager@y…ahoo.com
Some opportunities may include: . new technology and innovation . consumer demand . government regulations (tax incentives etc.)
Some threats may include: . the competition . the economy . government interference (laws, regulations, etc)
Answer: Equipment is an asset and is presented on the debit side of the balance sheet. As the equipment is used over the economic lifetime, the value of the asset is reduced…, which is called depreciation (expense). Depreciation expense is included in the income statement.
Income statement shows the activity of current or one fiscal yearof business while balance sheet shows the overall financialcondition of business from start of the business to… till date.
All expenses incurred are part of income statement of company whleadvance expenses or expenses payable are part of balance sheet.
In Business Accounting and Bookkeeping
Machinery is an asset of business and long term asset so it is partof long term asset in balance sheet.
D-Day no longer exists.
In Business Accounting and Bookkeeping
If taxes of current period then it will shown in profit and lossaccount, if taxes are still payable then it will be shown inbalance sheet under current liabilities section.
In Financial Statements
Depreciation on the income statement is the amount of \ndepreciation expense that is appropriate for the period of time \nindicated in the heading of the income statement. T…he depreciation \nreported on the balance sheet is the accumulated or the \ncumulative total amount of depreciation that has been reported as \nexpense on the income statement from the time the assets were acquired \nuntil the date of the balance sheet. \n. Letâs illustrate the difference with an example. A company has only \none depreciable asset that was acquired three years ago at a cost of \n$120,000. The asset is expected to have a useful life of 10 years and no\nsalvage value. The company uses straight-line depreciation on its \nmonthly financial statements. In the assetâs 36th month of service, the \nmonthly income statement will report depreciation expense of $1,000. On \nthe balance sheet dated as of the last day of the 36th month, \naccumulated depreciation will be reported as $36,000. In the 37th month,\nthe income statement will report $1,000 of depreciation expense. At the\nend of the 37th month, the balance sheet will report accumulated \ndepreciation of $37,000.