ACC 280 Week 2 Team Assignment Paper Material ( A + Grade )
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ACC 280 Week 2 Team Assignment
What were the company’s two largest current liabilities at the end of its 2 most recent annual reporting periods?
Wal-Mart’s two largest current liabilities at the end of its two most recent annual reporting periods were:
2012-Accounts payable totaling $36,608 and Accrued liabilities totaling $18,154.
2011-Accounts payable totaling $33,676 and Accrued liabilities totaling $18,701.
Accrued liabilities consisted of the following: Accrued wages and benefits, self-insurance and other.
(1)Accrued wages and benefits include accrued wages, salaries, vacation, bonuses and
other incentive plans.
(2) Self-insurance consists of all insurance-related liabilities, such as workers’
compensation, general liability, vehicle liability, property and employee-related
health care benefits.
(3) Other accrued liabilities consists of various items such as accrued taxes, maintenance,
utilities, advertising, interest, and severance liabilities.
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ACC 280 Week 2 Team Assignment Paper Material ( A + Grade )
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ACC 280 Week 2 Team Assignment
What were the company’s two largest current liabilities at the end of its 2 most recent annual reporting periods?
Wal-Mart’s two largest current liabilities at the end of its two most recent annual reporting periods were:
2012-Accounts payable...