6th Edition

ISBN: 9781265554927

Author: PHILLIPS

Publisher: MCG

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Textbook Question

Chapter 5, Problem 1SDC

Finding Financial Information

Refer to the financial statements of The Home Depot in Appendix A at the end of this book. (Note: Fiscal 2016 for The Home Depot runs from February 1, 2016, to January 29, 2017. See S 1-1 for further explanation.)

Required:

1. How much does The Home Depot report for Cash and Cash Equivalents and Restricted Cash (in millions) at January 29, 2017?
1. a. $2,538 and $2,216
2. b. $2,538 and $2,029
3. c. $17,724 and $1,235
4. d. $2,538 and $0
2. Accompanying the financial statements are reports issued by management and an independent registered public accounting firm regarding the company’s internal control. According to these reports, did the company maintain effective internal control over financial reporting?
1. a. Management concluded: yes; independent registered public accounting firm concluded: yes.
2. b. Management concluded: yes; independent registered public accounting firm concluded: no.
3. c. Management concluded: no; independent registered public accounting firm concluded: yes.
4. d. Management concluded: no; independent registered public accounting firm concluded: no.

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Chapter 5, Problem 1COP

Chapter 5, Problem 2SDC

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Chapter 5 Solutions

FUNDAMENTALS OF FINANCIAL ACCOUNTING LL

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Ch. 5 - Prob. 11Q Ch. 5 - Prob. 12Q Ch. 5 - Prob. 13Q Ch. 5 - Prob. 14Q Ch. 5 - Prob. 15Q Ch. 5 - Prob. 16Q Ch. 5 - What is the primary internal control goal for cash...Ch. 5 - Prob. 18Q Ch. 5 - Prob. 19Q Ch. 5 - Prob. 20Q Ch. 5 - Prob. 21Q Ch. 5 - Prob. 22Q Ch. 5 - Prob. 23Q Ch. 5 - Prob. 24Q Ch. 5 - Prob. 1MC Ch. 5 - Prob. 2MC Ch. 5 - Prob. 3MC Ch. 5 - Prob. 4MC Ch. 5 - Which of the following internal control principles...Ch. 5 - Prob. 6MC Ch. 5 - Prob. 7MC Ch. 5 - Prob. 8MC Ch. 5 - Prob. 9MC Ch. 5 - Prob. 10MC Ch. 5 - Prob. 1ME Ch. 5 - Prob. 2ME Ch. 5 - Prob. 3ME Ch. 5 - Prob. 4ME Ch. 5 - Prob. 5ME Ch. 5 - Prob. 6ME Ch. 5 - Prob. 7ME Ch. 5 - Prob. 8ME Ch. 5 - Prob. 9ME Ch. 5 - Prob. 10ME Ch. 5 - Prob. 11ME Ch. 5 - Prob. 12ME Ch. 5 - Prob. 13ME Ch. 5 - Prob. 14ME Ch. 5 - Prob. 15ME Ch. 5 - Prob. 16ME Ch. 5 - Identifying Internal Control Principle and...Ch. 5 - Prob. 2E Ch. 5 - Prob. 3E Ch. 5 - Prob. 4E Ch. 5 - Prob. 5E Ch. 5 - Prob. 6E Ch. 5 - Reporting Cash, Cash Equivalents, and Restricted...Ch. 5 - Prob. 8E Ch. 5 - Prob. 9E Ch. 5 - Prob. 10E Ch. 5 - Prob. 1CP Ch. 5 - Prob. 2CP Ch. 5 - Prob. 3CP Ch. 5 - Prob. 4CP Ch. 5 - Prob. 1PA Ch. 5 - Prob. 2PA Ch. 5 - Prob. 3PA Ch. 5 - Prob. 4PA Ch. 5 - Prob. 1PB Ch. 5 - Prob. 2PB Ch. 5 - Prob. 3PB Ch. 5 - Prob. 4PB Ch. 5 - Recording Transactions and Adjustments,...Ch. 5 - Finding Financial Information Refer to the...Ch. 5 - Comparing Financial Information Refer to the...Ch. 5 - Ethical Decision Making: A Real-Life Example When...Ch. 5 - Ethical Decision Making: A Mini-Case You are an...Ch. 5 - Accounting for Cash Receipts, Purchases, and Cash...

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Solution Summary: The author states the amount of cash and cash equivalents, and restricted cash, reported by Incorporation HD, as on January 29, 2017.

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