The information below was compiled from The Home Depot, Inc., balance sheet and footnotes in the 2012 Annual Report (for the fiscal year ended February 3, 2013). Use it to answer the following questions:

Analyze:
1. What percentage of common stock authorized has been issued at January 31, 2013?
2. What journal entry was made on the books of The Home Depot, Inc., when the company authorized the 10 billion shares?
3. If all of the common stock that The Home Depot, Inc., authorized was issued at par, how much additional capital would be raised?

Transcribed Image Text:

February 3 2013 January 29 2012 (in miltions except share data) Stockholders' Equity 87 Common Stock, par value 50.05: authorized: 10 billion shares; issued: 1.754 biltion shares at February 3, 2013 and 1.733 billion shares at January 29, 2012 outstanding:1.44illion shares at February 3, 2013 and 1.537 biltion shares at January 29, 2012