Consolidations of Financial Statements - Walmart

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Business Finance

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II. Consolidations of Financial Statements - WALMART

A. Based on research from your chosen company, explain the corporate structure in terms of consolidation. How is it organized from a consolidated viewpoint? What are the reasons for this particular type of organization?

B. How does the consolidation impact how the accounting information flows into the consolidated financial statement? Describe the process.

C. Are there any income tax benefits from consolidating the financial statements for your company? Defend your response.

Guidelines for Submission: Your paper must be submitted as a 2- to 3-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Use at least one outside source other than the textbook. Sources should be cited according to APA style.

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Explanation & Answer

Attached.

Running head: CONSOLIDATION OF FINANCIAL STATEMENTS

Consolidation of Financial Statements
Institution Affiliation
Date

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CONSOLIDATION OF FINANCIAL STATEMENT

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Based on research from your chosen company, explain the corporate structure in
terms of consolidation. How is it organized from a consolidated viewpoint? What are the
reasons for this particular type of organization?
Consolidation refers to the act of combining assets, liabilities as well as other financial
items of two or more subsidiaries into one. When it comes to financial accounting it refers to the
consolidation of the financial statements, all the subsidiaries have to report to the parent
company. There are three main types of ownership structures, that is, direct ownership, indirect
ownership, and reciprocal ownership. A larger part of the company is owned by the Walmart
family. The corporate structure of an organiz...


Anonymous
Just what I was looking for! Super helpful.

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