Long-term liabilities are financial obligations of a company that are due more than one year in the future.What types of accounts are included as long-term liabilities on Walmart's financial statements? Briefly explain what each of these accounts represents. Walmart Inc.Consolidated Balance SheetsAs of January 31,(Amounts in millions)20202019ASSETSCurrent assets:Cash and cash equivalents9,465 S7,722Receivables, net6,2846,283Inventories44,43544,269Prepaid expenses and other1,6223,623Total current assets61,80661,897Property and equipment, netOperating lease right-of-use assetsFinance lease right-of-use assets, netProperty under capital lease and financing obligations, net105,208104,31717,4244,4177,078Goodwill31,07331,181Other long-term assets16,56714,822Total assets24236,495 $219,295LIABILITIES AND EQUITYCurrent liabilities:Short-term borrowings575 $5,225Accounts payable46,97347,060Acerued liabilities22,29622,159Accrued income taxes280428Long-term debt due within one yearOperating lease obligations due within one yearFinance lease obligations due within one yearCapital lease and financing obligations due within one year5,3621,8761,793511729Total current liabilities77,79077,477Long-term debtLong-term operating lease obligationsLong-term finance lease obligationsLong-term capital lease and financing obligations43,71443,52016,1714,3076,683Deferred income taxes and other12,96111,981Commitments and contingenciesEquity:Common stock284288Capital in excess of par valueRetained carningsAccumulated other comprehensive lossTotal Walmart sharcholders' equity3,2472,96583,94380,785(12,805)(11,542)74,66972,496Noncontrolling interest6,8837,138Total equityTotal liabilities and equity81,55279,634236,495 S219,295See accompanying notes.

Long term liabilities are those financial obligations of the company that are due for more than one…

Long-term liabilities are financial obligations of a company that are due more than one year in the future. What types of accounts are included as long-term liabilities on Walmart's financial statements? Briefly explain what each of these accounts represents.

Long-term liabilities are financial obligations of a company that are due more than one year in the future. What types of accounts are included as long-term liabilities on Walmart's financial statements? Briefly explain what each of these accounts represents.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 2MC: During 2021, Anthony Company purchased debt securities as a long-term investment and classified them...

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