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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 50
Access the March 27, 2014, filing of the 10-K report of Home Depot for the year ended February 2, 2014, from www.SEC.gov (Ticker: HD). Refer to Home Depot's balance sheet, including its note 3 (on debt).
Required
1. Identify Home Depot's long-term liabilities and the amounts for those liabilities from Home Depot's balance sheet at February 2, 2014.
2. Review Home Depot's note 3. The note reports that as of February 2, 2014, it had $2.962 billion of "5.875% Senior Notes; due December 16, 2036; interest payable semiannually on June 16 and December 16." These notes have a face value of $3.0 billion and were originally issued at $2.958 billion.
a. Why would Home Depot issue $3.0 billion of its notes for only $2.958 billion
b. How much cash interest must Home Depot pay each June 16 and December 16 on these notes
Required
1. Identify Home Depot's long-term liabilities and the amounts for those liabilities from Home Depot's balance sheet at February 2, 2014.
2. Review Home Depot's note 3. The note reports that as of February 2, 2014, it had $2.962 billion of "5.875% Senior Notes; due December 16, 2036; interest payable semiannually on June 16 and December 16." These notes have a face value of $3.0 billion and were originally issued at $2.958 billion.
a. Why would Home Depot issue $3.0 billion of its notes for only $2.958 billion
b. How much cash interest must Home Depot pay each June 16 and December 16 on these notes
Explanation
Verified
Verified
A bond refers to a security generally us...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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