Refer to the financial statements of The Home Depot in Appendix A at the end of this book.

Required:
1. How much does The Home Depot report for Cash and Cash Equivalents and Restricted Cash (in millions) at January 29, 2017?

a. $2,538 and $2,216
b. $2,538 and $2,029
c. $17,724 and $1,235
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?

a. Management concluded: yes; independent registered public accounting firm concluded: yes.
b. Management concluded: yes; independent registered public accounting firm concluded: no.
c. Management concluded: no; independent registered public accounting firm concluded: yes.
d. Management concluded: no; independent registered public accounting firm concluded: no.