Refer to the financial statements of The Home Depot in Appendix A. (http://lectu
ID: 2471893 • Letter: R
Question
Refer to the financial statements of The Home Depot in Appendix A.
(http://lectures.mhhe.com/connect/0078025915/appendix_a.pdf)
Which of the two basic reporting approaches for the cash flows from operating activities did The Home Depot use?
What amount of income tax payments did The Home Depot make during the year ended February 2, 2014?
In the fiscal year ended February 2, 2014, The Home Depot generated $7,628 million from operating activities. Indicate where this cash was spent by listing the two largest cash outflows.
Refer to the financial statements of The Home Depot in Appendix A.
(http://lectures.mhhe.com/connect/0078025915/appendix_a.pdf)
Which of the two basic reporting approaches for the cash flows from operating activities did The Home Depot use?
Indirect Direct 2.What amount of income tax payments did The Home Depot make during the year ended February 2, 2014?
$3,082 million $2,839 million $12 million $639 million 3.In the fiscal year ended February 2, 2014, The Home Depot generated $7,628 million from operating activities. Indicate where this cash was spent by listing the two largest cash outflows.
Amortization ($1,757 million) and Capital Expenditures ($1,389 million) Dividends ($2,243 million) and Share Repurchase ($8,546 million) Amortization ($1,757 million) and Share Repurchase ($8,546 million) Share Repurchase ($8,546 million) and Capital Expenditures ($1,389 million)Explanation / Answer
1) Indirect Method
2) $2839
[SUPPLEMENTAL DISCLOSURE OF CASH PAYMENTS MADE FOR: Income Taxes $2,839 Page A8]
3) Dividends ($2,243 million) and Share Repurchase ($8,546 million)