Question: please help asap PVH corp final statement in second picture. Use PVH Corp.'s financial statements to answer to the following questions. 1. Provide the fiscal

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 one) (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 20217 (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 PVH Corp. Financial Statements (partial) PVH Consolidated Balance Sheets In millions of dollars As of Jan. 30, 2022 S 1,243 745 1,349 317 $ 3,654 906 2,829 2,723 584 ASSETS Cash and cash equivalents Accounts receivable, net of the allowance of $62 million as of 1/30/2022 and of $70 million as of 1/31/2021 Inventories Prepaid expenses and other current assets Total current assets Property, plant, and equipment, net Goodwill Tradenames Other intangibles, net Other long-term assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Account payable Accrued expenses Unearned revenue Short-term borrowings and other current liabilities Total current liabilities Long-term debt Other long-term liabilities Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 1,701 $12,397 $1,221 1,101 45 421 2,788 2,318 2,003 7,109 3,285 2,003 5,288 $ 12,397 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 one) (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 20217 (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 PVH Corp. Financial Statements (partial) PVH Consolidated Balance Sheets In millions of dollars As of Jan. 30, 2022 S 1,243 745 1,349 317 $ 3,654 906 2,829 2,723 584 ASSETS Cash and cash equivalents Accounts receivable, net of the allowance of $62 million as of 1/30/2022 and of $70 million as of 1/31/2021 Inventories Prepaid expenses and other current assets Total current assets Property, plant, and equipment, net Goodwill Tradenames Other intangibles, net Other long-term assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Account payable Accrued expenses Unearned revenue Short-term borrowings and other current liabilities Total current liabilities Long-term debt Other long-term liabilities Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 1,701 $12,397 $1,221 1,101 45 421 2,788 2,318 2,003 7,109 3,285 2,003 5,288 $ 12,397 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
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