Sears Holdings Corporation is the parent company of Kmart Holding Corporation and Sears, Roebuck and Co. The

Question:

Sears Holdings is the parent company of Kmart Holding and Sears, Roebuck and Co. The operates more than 1,600 retail stores in the United States and offers online shopping through both sears.com and kmart.com.
Requirements
1. On which financial statement would you find What was the amount of as of January 30, 2016? As of January 31, 2015?
3. Review the notes to the and read the note labeled Allowance for Doubtful Accounts in Note 1-Summary of Significant Accounting Policies. What was the amount of Allowance for Doubtful Accounts as of January 30, 2016? As of January 31, 2015?
4. Using the information from requirements 2 and 3, determine the gross amount of as of January 30, 2016. As of January 31, 2015.
5. Find Schedule II-Valuation and Qualifying Accounts included in the notes to the Draw a T-account that details the changes in the Allowance for Doubtful Accounts account for 2015. What would additions charged to costs and expenses represent? What would deductions from the account represent?
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