Acc Abt Kroger Company

Topics: Inventory, Balance sheet, Revenue Pages: 4 (1160 words) Published: December 15, 2012
|Accounting I (ACC 101) | | | |2012 | |Kroger Co (KR:New York) |Project |

Yakub Hashim Noor
American Collage Dubai

Answers of the question asked :- (Task A )

1) The company I am working on is Kroger
3) Industry: Food and Drug Stores
4) Kroger's headquarters are in downtown Cincinnati
5) Financial statement and balance sheet :¤cy=native¤cy=native 6) Amount reported in financial statement & balance sheet in million a) Sales revenue/Revenues (Net) - 90,374.0

b) Net income/loss 602.0
c) Other revenues (if any) Nil
d) Total Current assets 7,325.0
e) Amount of Cash balance 188.0
f) Any one current liability(PAYABLE) 4,329.0
Snapshots year ends on January
|$ in millions as of |2009 |2010 |2011 |2012 |

1) (I)Definition: Merchandise inventory is goods that have been acquired by a distributor, wholesaler, or retailer from suppliers, with the intent of selling the goods to third parties. If these goods are sold during an accounting period, then their cost is charged to the cost of goods sold, and appears as an expense in the income...
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