(Solution) - Locate the 2009 Form 10 K for Wal Mart in Appendix A 91189 -(2025 Original AI-Free Solution)

Discipline:

Type of Paper:

Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

Download Solution ($11.00) Write My Paper Afresh

Buy For $11.00

Paper Details

Locate the 2009 Form 10-K for Wal-Mart in Appendix A and consider the following questions:
1. Provide the summary journal entry that Wal-Mart would have made to record its net sales for the fiscal year ended January 31, 2009 (assume all sales were on account).
2. Given Wal-Mart?s beginning and ending balances in Accounts Receivable, along with your journal entry from part (1), estimate the amount of cash collected from customers during the year.
3. Locate Wal-Mart?s note on revenue recognition. What is Wal-Mart?s revenue recognition policy?