Acc280 Week Two Team Assignment

ACC/280-Week 2 team assignment-

(Amounts in millions)

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,...