The following excerpt was taken from The Home Depot, Inc., 2012 Annual Report (for the fiscal year

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The following excerpt was taken from The Home Depot, Inc., 2012 Annual Report (for the fiscal year ended February 3, 2013):

The following excerpt was taken from The Home Depot, Inc.,

Analyze:
1. What percentage of total assets is made up of cash and cash equivalents at February 3, 2013?
2. Cash receipt and cash payment transactions affect the total value of a company's assets. By what amount did the category "Cash and cash equivalents" change from January 29, 2012 to February 3, 2013?
3. If accountants at The Home Depot, Inc., failed to record cash receipts of $125,000 on January 31, 2013, what impact would this error have on the balance sheet category "Cash and cash equivalents"?

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Related Book For  book-img-for-question

College Accounting A Contemporary Approach

ISBN: 978-0077639730

3rd edition

Authors: David Haddock, John Price, Michael Farina

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