Problem: Access a company’s (Wal-Mart) financial statements online. When answering the following, you are not attempting to analyze the companies or to comment on earnings or other economic factors. You are commenting on the form and content of the statements and whether or not what you found is what you expected. For example, if I were not an accountant, I might be surprised by the expansive “notes” included in the statements!
(1) Is the form and content of the financial statements what you expected? Are the financial statements more or less complex than you expected? Briefly explain your answers.