Refer to the financial statements of The Home Depot in Appendix A.(Note: Fiscal 2021 for...

80.2K

Verified Solution

Question

Accounting

Refer to the financial statements of The Home Depot in Appendix A.(Note: Fiscal 2021 for The Home Depot ran from February 1,2021,
to January 30,2022. As with many retail companies, The Home Depot labels the period "Fiscal 2021" even though it ended in the
2022 calendar year. The label "Fiscal 2021" is appropriate because Fiscal 2021 includes 11 months from the 2021 calendar year. The
Home Depot explains its choice of fiscal period in Note 1 to its financial statements.)
Required:
How much did The Home Depot report for Cash and Cash Equivalents and Restricted Cash.(in millions) at January 30,2022?
$2,343 and $3,426
$2,343 and $0
$9 and $90
$2,343 and $90
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?
Management concluded: yes; independent registered public accounting firm concluded: yes.
Management concluded: yes; independent registered public accounting firm concluded: no.
Management concluded: no; independent registered public accounting firm concluded: yes.
Management concluded: no; independent registered public accounting firm concluded: no.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students