Question: chart is problem below PVH Corp. Financial Statements (partial) PVH Consolidated Balance Sheets In millions of dollars As of ASSETS Jan. 30, 2022 Cash and

PVH Corp. Financial Statements (partial) PVH Consolidated Balance Sheets In millions of dollars As of ASSETS Jan. 30, 2022 Cash and cash equivalents $ 1,243 745 Accounts receivable, net of the allowance of $62 million as of 1/30/2022 and of $70 million as of 1/31/2021 Inventories 1,349 Prepaid expenses and other current assets 317 Total current assets S3,654 Property, plant, and equipment, net 906 Goodwill 2,829 Tradenames 2,723 Other intangibles, net 584 Other long-term assets 1,701 Total assets $ 12,397 LIABILITIES AND STOCKHOLDERS' EQUITY Account payable $1,221 Accrued expenses 1,101 Unearned revenue 45 Short-term borrowings and other current liabilities 421 Total current liabilities 2,788 Long-term debt 2,318 Other long-term liabilities 2,003 Total liabilities 7,109 Common stock 3,285 Retained earnings 2,003 Total stockholders' equity 5,288 Total liabilities and stockholders' equity $ 12,397 I As of Jan. 31, 2021 $ 1,651 642 1,417 234 $ 3.944 943 2,954 2,870 648 1,935 $ 13,294 $1,124. 940 56 462 2,582 3,514 2,467 8,563 3,216 1,515 4,731 $13,294 Use PVH Corp.'s financial statements to answer to the following questions. 1. Provide the fiscal year 2021 adjusting journal entry (both accounts and amounts) that PVH made to record depreciation on its Property and Equipment. Assume that PVH makes one adjusting journal entry for depreciation expense at the end of each fiscal year as part of its adjusting entries. (3 points) 2. According to the footnotes, what is the total acquisition cost of the Property and Equipment that PVH owns as of January 30, 2022? (1 point) 3. According to the footnotes, what is the total acquisition cost of Land that PVH owns as of January 30, 2022? (1 point) 4. According to the footnotes, which of the following methods does PVH use to depreciate its Property and Equipment? (Circle ane) (1 point) Straight-Line Double-Declining- Balance Units-of-Activity 5. Provide the fiscal year 2021 adjusting journal entry (both accounts and amounts) that PVH made to record amortization on its finite-lived Intangible Assets. Assume that PVH makes one adjusting journal entry for amortization expense at the end of each fiscal year as part of its adjusting entries. (3 points) 6. Does PVH's Goodwill footnote suggest that the company acquired any other companies during fiscal 2021? (Circle ane) (1 point) YES NO 7. Does PVH's Goodwill footnote suggest that the company acquired any other companies during fiscal 2020? (Circle ane) (1 point) YES NO
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