Refer to the financial statements of The Home Depot in Appendix A and Lowe's in Appendix B

Question:

Refer to the of The Home Depot in Appendix A and Lowe's in Appendix B at the end of this book, or download the annual reports from the Cases section of the text's Web site at www.mhhe.com/phillips4e.
Required:
1. Which of the two basic reporting approaches for the cash flows from operating activities did Lowe's use? Is this the same as what The Home Depot used?
2. What amount of cash did Lowe's receive from issuing long-term debt during the year ended January 28, 2011?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...