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Intermediate Accounting Liabilities and Equities

In: Business and Management

Submitted By Ojou
Words 868
Pages 4
ACCT 307
Intermediate Accounting 2, Part B
Assignment

Professor: Allan Bishop
Student Name: Darrell Allen
Student Number: 810-390-377
Date: April 4th, 2013 1. The two companies that I have chosen are WalMart and Target. They are both retailer industries that sell numerous different items as well as provide services to customers. Particularly Walmart, which offers auto-repairs, eye-glasses, prescription drugs and fast food service (McDonalds). They sell items such as clothing, basic food items (amongst a wide variety of other food items), movies, books, video games and more.

2. A) The “capital” for Target is: Property and equipment: 2011 2012
Land 6,122 5,928
Buildings and improvements 26,837 23,081
Fixtures and equipment 5,141 4,939
Computer hardware and software 2,468 2,533
Construction-in-progress 963 567
Accumulated depreciation (12,382) (11,555)
Shareholders’ investment:
Common stock 56 59
Additional paid-in capital 3,487 3,311
Retained earnings...

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