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Refer to the financial statements of The Home Depot in Appendix A at the end of this book. (Note: Fiscal 2019 for The Home
Refer to the financial statements of The Home Depot in Appendix A at the end of this book. (Note: Fiscal 2019 for The Home Depot runs from February 4, 2019, to February 2, 2020. As with many retail companies, The Home Depot labels the period "Fiscal 2019" even though it ends in the 2020 calendar year. The label "Fiscal 2019" is appropriate because Fiscal 2019 includes 11 months from the 2019 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) Required: 1. How much does The Home Depot report for Cash and Cash Equivalents and Restricted Cash (in millions) at February 2, 2020? O $2,133 and $2,106 O $2,133 and $53 $8 and $53 O $2,133 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? O Management concluded: yes; independent registered public accounting firm concluded: yes. O Management concluded: yes; independent registered public accounting firm concluded: no. O Management concluded: no; independent registered public accounting firm concluded: yes. Management concluded: no; independent registered public accounting firm concluded: no.
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