Your assistance is required . Listed below are annual balance sheets for ExxonMobil and Wal-Mart.
ExxonMobil Annual Balance Sheet
Assets $Mil Liabilities and Equity $Mil
Cash 37,734.00 Current Liabilities 54,804.00
Other Current Assets 49.019.00 Long-Term Liabilities 52,550.00
Long-Term Assets 142,194.00 Shareholders' Equity 116,593.00
Total 233.947.00 Total 233,947.00
Wal-Mart Stores
Assets $Mil Long-Term Liabilities $Mil
Cash 5,908.00 Current Liabilities 58,163.00
Other Current Assets 43,715.00 Long-Term Liabilities 34,193.00
Long-Term Assets 101,496.00 Shareholders' Equity 58,763.00
Total 151,119.00 Total 151,119.00
Q1. List and briefly describe the kinds of information on the balance sheet that qualify as assets.
Q2. List and briefly describe the kinds of information on the balance sheet that qualify as liabilities.
Q3. List and briefly describe the kinds of information on the balance sheet that qualify as owner (stockholder) equity.
Q4. List the total assets, total liability and total stockholder equity for each company.
Q5. What other people or institutions could benefit from this information?