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ACC 220 Grantham University Wkv 6 Costco Wholesale Corporation Discussion

ACC 220 Grantham University Wkv 6 Costco Wholesale Corporation Discussion.

Assets

Each week, you will be asked to respond to the prompt or prompts in the discussion forum. Your initial post should be 75-150 words in length, and is due on Sunday. By Tuesday, you should respond to two additional posts from your peers.

Depending on the length of time, assets will either be categorized as current or long-term. Go to Yahoo Finance and select a company. Then, share either a current or long-term asset of the company and the type’s characteristics. Go to at least two other colleagues’ posts with the other type of asset and provide the difference between the types.

View your discussion rubric.

Joshua Kidder

Kidder – Week 6

COLLAPSE

Hello class. This week, I am choosing another company that I have been holding on to since investing in some stocks hit heavily by the COVID19 pandemic – Occidental Petroleum Corporation (ticker OXY). The page for the company can be found on Yahoo Finance here: https://finance.yahoo.com/quote/OXY?p=OXY

A long term asset of OXY is their Plant, Property, and Equipment – with a net value of 81,854,000,000 (81.854 Billion). This is classified as a tangible asset, as it is something that can be used in normal business operations and can depreciate over time.

Kelly Faulkner

W6

COLLAPSE

Hello ACC220!

Happy Week 6! I chose Costco this week. Their total assets equals $45,400,000 as of August 31, 2019 and they state $9,444,000 in Cash, cash equivalents and short-term investments. for 2019 as well. Which I believe to file under the current assets and not-long term. Long-term would be property/building and equipment. Therefore short-term would be Accounts Receivable and current Inventory etc.

Yahoo Finance. (2020). Costco Wholesale Corporation (COST) Balance Sheet. Retrieved from Yahoo Finance: https://finance.yahoo.com/quote/COST/balance-sheet…

ACC 220 Grantham University Wkv 6 Costco Wholesale Corporation Discussion

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