Refer to Home Depot's classified balance sheet contained in Appendix C of the textbook. Required a. The

Question:

Refer to Home Depot's classified contained in Appendix C of the textbook.
Required
a. The current liability section contains an account entitled "Current Installments of Long-Term Debt." Explain what this account represents and why it is included in current liabilities if it relates to long-term debt.
b. The liability section contains an account entitled "Long-Term Debt, excluding current installments." Examine the fifth note to the and identify how many different "Senior Notes" are included in the account balance.
c. The current liability section contains an account entitled "Deferred Revenue." Read the "Revenues" and "Services Revenue" paragraphs in the first note to the What two general activities are captured in the "Deferred Revenue" account?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...