Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Exercise 59

Finding Financial information
Refer to the financial statements at The Home Depot in Appendix A at the end of this book, or download the annual report from the Cases section of the text's Web site at www.mhhe.com/phillips4e.
Required:
1. Which of the two basic reporting approaches for the cash flows from operating activities did The Home Depot use
a. Direct
b. Indirect
2. What amount of tax payments did The Home Depot make during the year ended January 30, 2011
a. $13,000,000
b. $108,000,000
c. $1,935,000,000
d. $2,067,000,000
3. In the 2010-11 fiscal year, The Home Depot generated $4,585 million from operating activities. Indicate where this cash was spent by listing the two largest cash outflows.
a. Amortization ($1,718,000,000) and Capital Expenditures ($1,096,000,000)
b. Share Repurchase ($2,608,000,000) and Capital Expenditures ($1,096,000,000)
c. Amortization ($1,718,000,000) and Share Repurchase ($2,608,000,000)
d. Dividends ($1,569,000,000) and Share Repurchase ($2,608,000,000)