Find the Consolidated Statement of Comprehensive Income section of the Home Depot 2012 financial statements in Appendix
Question:
Find the Consolidated Statement of Comprehensive Income section of the Home Depot 2012 financial statements in Appendix A. Locate the translation adjustment for 2012. Was the effect of the adjustment positive or negative on Comprehensive Income? What is the implication of the translation adjustment?
Step by Step Answer:
The Consolidated Statement of Comprehensive Income portion of the Home Depot 2012 financial statemen...View the full answer
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078025778
17th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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Financial statements of a business having numerous divisions or subsidiaries are called consolidated financial statements. Companies frequently refer to the aggregated reporting of their entire firm together when using the term \"consolidated\" in financial statement reporting. Consolidated financial statement reporting, on the other hand, is defined by the Financial Accounting Standards Board as the reporting of an entity that is organized with a parent company and subsidiaries.
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