Research Case 14-6 (Static) FASB codification research; researching the way long-term debt is reported; Macy's, Inc. [LO14-1, LO14-2, LO14-3, LO14-4] EDGAR, the Electronic Data Gathering. Analysis, and Retrieval system, performs automated collection, validation, indexing, acceptance and forwarding of submissions by companies and others who are reguired by law to file forms with the U.S. Securities and Exchange Commission (SEC). All publicly traded domestic companles use EDGAR to make the majority of their filings. (Some foreign companies do so voluntarily.) Form 10-K, including the annual report, is required to be filed on EDGAR. The SEC makes this information available on the internet. Required: 1. Access EDGAR on the Internet at www.sec gov or from Investor Relations at the Macy's, Inc. (www.macys.com). Search for Macy's. Access its 10-K filing for the year ended January 30, 2017. Search or scroll to find the financial statements and related notes. What is the total debt (including current liablilties and deferred taxes) reported in the balance sheet in the most recent two years? 2. Compare the total liabilities (including current liabilities and deferred taxes) with the shareholders' equity and calculate the debt to equity ratio for the most recent two years. 3. Does Macy's obtain more financing through notes, bonds, or commercial paper? Are required debt payments increasing or decreasing over the next three years? 4. Does Macy's classify any shortterm debt as long-term? 5. Note 6. Financing includes the following statement: "On November 18,2014 , the Company issued $550 million aggregate principal amount of 4.5% senlor notes due 2034. This debt was used to pay for the redemption of the $407 million of 7.875% senior notes due 2015 described above." Under some circumstances, Macy's could have reported the amounts due in 2015 as long-term debt at the end of the previous year even though these amounts were due within the coming year. Obtain the relevant authoritative literature on FASB website debt expected to be financed using the FASB Accounting Standards Codification. You might gain access from the debt as long-term. What is the specifrem school library, or some other source. Determine the criteria for reporting currently payable accounting treatment? Complete this question by entering your answers in the tabs below. Whot is the total debt (including current liabilities and deferred taxes) reported in the balance sheet in the most recent two years? Research Case 14-6 (Static) FASB codification research; researching the way long-term debt is reported; Macy's, Inc. [LO14-1, LO14-2, LO14-3, LO14-4] EDGAR, the Electronic Data Gathering. Analysis, and Retrieval system, performs automated collection, validation, indexing, acceptance and forwarding of submissions by companies and others who are required by law to file forms with the U.S. Securities and Exchange Commission (SEC). All publicly traded domestic companies use EDGAR to make the majority of their filings. (Some foreign companies do so voluntarily.) Form 10-K, including the annual report, is required to be filed on EDGAR. The SEC makes this information avallable on the Internet. Required: 1. Access EDGAR on the internet at www.sec.gov or from investor Relations at the Macy's, Inc. (www.macys, com). Search for Macy's. Access its 10-K fling for the year ended January 30, 2017. Search or scroll to find the financial statements and related notes. What is the total debt (including current liabilities and deferred taxes) reported in the balance sheet in the most recent two years? 2. Compare the total llablities (including current liabilities and deferred taxes) with the shareholders' equity and calculate the debt to equity ratio for the most recent two years. 3. Does Macy's obtain more financing through notes, bonds, or commercial paper? Are required debt payments increasing or decreasing over the next three years? 4. Does Macy's elassify any short-term debt as long-term? 5. Note 6: Financing includes the following statement: "On November 18, 2014, the Company issued $550 million aggregate principal 2015 described obove. Under some circumstances. Macy's could have reported the amounts due in 2015 as long-term debt at the end of the previous year even though these amounts were due within the coming year. Obtain the relevant authoritative literature on classification of debt expected to be financed using the FASB Accounting Standards Codification You might gain access from the FASB website (www fasb org), from your school library, or some other source. Determine the criteria for reporting currently payable accounting treatment? Complete this question by entering your answers in the tabs below. Compare the total liabilities (including current liabilities and deferred taxes) with the shareholders' equity and calculate the oebt to equity ratio for the most recent two years. (Round your answers to 2 decimal places.) reported; Macy's, Inc. [LO14-1, LO14-2, LO14-3, LO14-4] EDGAR, the Electronic Data Gathering. Analysis, and Retrieval system, performs automated collection, validation, indexing, acceptance and forwarding of submissions by companies and others who are required by law to file forms with the US. Securities and Exchange Commission (SEC). All publicly traded domestic companies use EDGAR to make the majority of their filings. (Some foreign companies do so voluntariby Form 10-K, including the annual report, is required to be filed on EDGAR. The SEC makes this information avaliable on the internet. Required: 1. Access EDGAR on the internet at wnwsecgov of from Investor Relations at the Macy's, Inc. (mwwmacys com). Search for Macy's Access its 10-K. filing for the year ended January 30,2017 . Search or scroll to find the financial statements and related notes. What is the total debt (including current liablities and deferred taves) reported in the balance sheet in the most recent two years? 2. Compare the total liablities (including current llabilues and deferred taxes) with the shateholders' equity and calculate the debt to equity ratio for the most recent two years. 3. Does Macy's obtain more financing through notes, bonds, or commercial poper? Are required debt payments increasing or decreasing over the next three years? 4. Does Macys classity any shortterm debt as long-term? 5. Note 6: Financing indudes the following statement: "On November 18, 2014, the Company issued $550 million aggregate principal amount of 45% senlor notes due 2034 . This debt was used to pay for the redemption of the $407million of 7.8753 senior notes due 2015 described above. Under some clamstances, Macy's could hove reported the amounts due in 2015 as lang-term debt ot the end of the previous year even though these amounts were due within the coming yeat Obtain the relevant authoritatve literature on classification of debt expected to be financed using the FASB Accounting Standards Codification You might galn access from the FAS webshe (mWi fosb orgl, from your school library, or some other soutce. Detemine the criterla for reporting curtently payable debt as longuerm. What is the specific nine-digit Codification citation ( ) that Macy's would rely on in applying thot accouming treotment? Complete this question by entering your answers in the tabs below. boet Macrs obtain mare fnanang throwah notet, bonds, of commercial papen Ars requived debt payments increasing or decreasing over the neat three years? EDGAR, the Electronic Data Gathering. Analysis, and Retrieval system, performs automated collection, validation, indexing, acceptance and forwarding of submissions by companies and others who are required by law to fle forms with the U.S. Securities and Exchange Commission (SEC). All publicly traded domestic companies use EDGAR to make the majority of their filings. (Some foreign companies do so voluntarily) Form 10-K, including the annual report, is required to be fled on EDGAR. The SEC makes this information available on the internet Required: 1. Access EDGAR on the Internet at www sec gov or from Investor Relations at the Macy's, Inc. (www.macys.com). Search for Macy's. Access its 10K filing for the year ended January 30,2017 . Search or scroll to find the financial statements and related notes. What is the total debt fincluding current liablities and deferred taxes) reported in the balance sheet in the most recent two years? 2. Compare the total labilites (including current liabilies and deferred taxes) with the shareholders' equity and calculate the debt to equity ratio for the most recent two years. 3. Does Mocy's obtain more financing through notes, bonds, or commercial paper? Are required debt payments increasing or decreasing over the next three years? 4. Does Macy's classily any shorterm debt as long-term? 5. Note 6: Financing includes the following statement "On November 18, 2014, the Company issued $550 milion aggregate principal amount of 4.5% senior notes due 2034 . This debt was used to pay for the redemption of the $407million of 7.875% senlor notes due 2015 descrbed above, Under some drcumstances, Macy's could have reported the amounts due in 2015 as long-term debt at the end of the previous year even though these amounts were due within the coming year, Obtain the relevant authoritative literature on classificaton of debt expected to be financed using the FASB Accounting Standards Codification You might gain access from the FASB website (umwfosb org), from your school library, or some other source. Determine the criteria for reporting currently payable debt as long term. What is the specific nine-digit Codfication citation (X ) that Macy's would rely on in applying that accounting treatment? Complete this question by entering your answers in the tabs below. Does Macy's ciasify any short-term debt as long-term? reported; Macy's, Inc. [LO14-1, LO14-2, LO14-3, LO14-4] EDGAR, the Electronic Data Gothering. Analysis, and Retrieval system, Aerforms automated collection, validation, indexing, acceptance and forwarding of submissions by companies and others who are required by law to fle forms with the US. Securities and Exchange Commissian (SEC) Al publdy traded domestic componies use EDGAR to make the majority of their filings. (Some foreign companies do so volintarily) Form 10-K, induding the annual repart, is required to be filed on EDGAR. The SEC makes this information avalable on the internet Required: 1. Access EDGAR on the internet at www.secgov or from investor Relations at the Macy's, Inc: (Wwwmacys comj) Search for Macy's. Access its 10-K fling for the year ended January 30, 2097. Search or scroll to find the financial statements and related notes. What is the total debt (including curtert labblities and deferred taves) reported in the balance sheet in the most recent two years? 2. Compse the total liabilities (including current liabilities and deferred taxes) with the thareholders' equily and cakculate the debt to equity ratio for the most rocent two year 3. Does Macys obtain more Enancing through notes, bonds, of commercial paper? Are required debt payments increasing or decreasing over the newt thee years? 4. Does Macys classify any shortterm debt os long-term? 5. Note 6. Financing includes the following statement "On November ti. 2014, the Company issued $550 million aggregate principal anourt of 4.52 senior notes due 2034. This debt was used to pay for the redemption of the $407 milion of 7.8754 senior notes due 2015 described above." Under some circumstances, Macy's could have reported the amounts due in 2015 as longterm debt at the end of the previous year even though these amounts were due within the coming year Obtain the relevant authoritative literature on classification of debt expected to be financed using the FASE Accounting Standards Codification You might gain access from the IASe website bumefasb orol from your school lbery or some other source. Determine the criteria for reporting currently payable. debt av long tem. What is the specife rine digt codifcation citation (00 that Macy's would rely on in applying that accovente treatment? Complete this question by entering your answers in the tabs below. Determine the citeri for reportang currendy pbyable debt as loog-term. What is the specific rine-cgit Codflication citation Research Case 14-6 (Static) FASB codification research; researching the way long-term debt is reported; Macy's, Inc. [LO14-1, LO14-2, LO14-3, LO14-4] EDGAR, the Electronic Data Gathering. Analysis, and Retrieval system, performs automated collection, validation, indexing, acceptance and forwarding of submissions by companies and others who are reguired by law to file forms with the U.S. Securities and Exchange Commission (SEC). All publicly traded domestic companles use EDGAR to make the majority of their filings. (Some foreign companies do so voluntarily.) Form 10-K, including the annual report, is required to be filed on EDGAR. The SEC makes this information available on the internet. Required: 1. Access EDGAR on the Internet at www.sec gov or from Investor Relations at the Macy's, Inc. (www.macys.com). Search for Macy's. Access its 10-K filing for the year ended January 30, 2017. Search or scroll to find the financial statements and related notes. What is the total debt (including current liablilties and deferred taxes) reported in the balance sheet in the most recent two years? 2. Compare the total liabilities (including current liabilities and deferred taxes) with the shareholders' equity and calculate the debt to equity ratio for the most recent two years. 3. Does Macy's obtain more financing through notes, bonds, or commercial paper? Are required debt payments increasing or decreasing over the next three years? 4. Does Macy's classify any shortterm debt as long-term? 5. Note 6. Financing includes the following statement: "On November 18,2014 , the Company issued $550 million aggregate principal amount of 4.5% senlor notes due 2034. This debt was used to pay for the redemption of the $407 million of 7.875% senior notes due 2015 described above." Under some circumstances, Macy's could have reported the amounts due in 2015 as long-term debt at the end of the previous year even though these amounts were due within the coming year. Obtain the relevant authoritative literature on FASB website debt expected to be financed using the FASB Accounting Standards Codification. You might gain access from the debt as long-term. What is the specifrem school library, or some other source. Determine the criteria for reporting currently payable accounting treatment? Complete this question by entering your answers in the tabs below. Whot is the total debt (including current liabilities and deferred taxes) reported in the balance sheet in the most recent two years? Research Case 14-6 (Static) FASB codification research; researching the way long-term debt is reported; Macy's, Inc. [LO14-1, LO14-2, LO14-3, LO14-4] EDGAR, the Electronic Data Gathering. Analysis, and Retrieval system, performs automated collection, validation, indexing, acceptance and forwarding of submissions by companies and others who are required by law to file forms with the U.S. Securities and Exchange Commission (SEC). All publicly traded domestic companies use EDGAR to make the majority of their filings. (Some foreign companies do so voluntarily.) Form 10-K, including the annual report, is required to be filed on EDGAR. The SEC makes this information avallable on the Internet. Required: 1. Access EDGAR on the internet at www.sec.gov or from investor Relations at the Macy's, Inc. (www.macys, com). Search for Macy's. Access its 10-K fling for the year ended January 30, 2017. Search or scroll to find the financial statements and related notes. What is the total debt (including current liabilities and deferred taxes) reported in the balance sheet in the most recent two years? 2. Compare the total llablities (including current liabilities and deferred taxes) with the shareholders' equity and calculate the debt to equity ratio for the most recent two years. 3. Does Macy's obtain more financing through notes, bonds, or commercial paper? Are required debt payments increasing or decreasing over the next three years? 4. Does Macy's elassify any short-term debt as long-term? 5. Note 6: Financing includes the following statement: "On November 18, 2014, the Company issued $550 million aggregate principal 2015 described obove. Under some circumstances. Macy's could have reported the amounts due in 2015 as long-term debt at the end of the previous year even though these amounts were due within the coming year. Obtain the relevant authoritative literature on classification of debt expected to be financed using the FASB Accounting Standards Codification You might gain access from the FASB website (www fasb org), from your school library, or some other source. Determine the criteria for reporting currently payable accounting treatment? Complete this question by entering your answers in the tabs below. Compare the total liabilities (including current liabilities and deferred taxes) with the shareholders' equity and calculate the oebt to equity ratio for the most recent two years. (Round your answers to 2 decimal places.) reported; Macy's, Inc. [LO14-1, LO14-2, LO14-3, LO14-4] EDGAR, the Electronic Data Gathering. Analysis, and Retrieval system, performs automated collection, validation, indexing, acceptance and forwarding of submissions by companies and others who are required by law to file forms with the US. Securities and Exchange Commission (SEC). All publicly traded domestic companies use EDGAR to make the majority of their filings. (Some foreign companies do so voluntariby Form 10-K, including the annual report, is required to be filed on EDGAR. The SEC makes this information avaliable on the internet. Required: 1. Access EDGAR on the internet at wnwsecgov of from Investor Relations at the Macy's, Inc. (mwwmacys com). Search for Macy's Access its 10-K. filing for the year ended January 30,2017 . Search or scroll to find the financial statements and related notes. What is the total debt (including current liablities and deferred taves) reported in the balance sheet in the most recent two years? 2. Compare the total liablities (including current llabilues and deferred taxes) with the shateholders' equity and calculate the debt to equity ratio for the most recent two years. 3. Does Macy's obtain more financing through notes, bonds, or commercial poper? Are required debt payments increasing or decreasing over the next three years? 4. Does Macys classity any shortterm debt as long-term? 5. Note 6: Financing indudes the following statement: "On November 18, 2014, the Company issued $550 million aggregate principal amount of 45% senlor notes due 2034 . This debt was used to pay for the redemption of the $407million of 7.8753 senior notes due 2015 described above. Under some clamstances, Macy's could hove reported the amounts due in 2015 as lang-term debt ot the end of the previous year even though these amounts were due within the coming yeat Obtain the relevant authoritatve literature on classification of debt expected to be financed using the FASB Accounting Standards Codification You might galn access from the FAS webshe (mWi fosb orgl, from your school library, or some other soutce. Detemine the criterla for reporting curtently payable debt as longuerm. What is the specific nine-digit Codification citation ( ) that Macy's would rely on in applying thot accouming treotment? Complete this question by entering your answers in the tabs below. boet Macrs obtain mare fnanang throwah notet, bonds, of commercial papen Ars requived debt payments increasing or decreasing over the neat three years? EDGAR, the Electronic Data Gathering. Analysis, and Retrieval system, performs automated collection, validation, indexing, acceptance and forwarding of submissions by companies and others who are required by law to fle forms with the U.S. Securities and Exchange Commission (SEC). All publicly traded domestic companies use EDGAR to make the majority of their filings. (Some foreign companies do so voluntarily) Form 10-K, including the annual report, is required to be fled on EDGAR. The SEC makes this information available on the internet Required: 1. Access EDGAR on the Internet at www sec gov or from Investor Relations at the Macy's, Inc. (www.macys.com). Search for Macy's. Access its 10K filing for the year ended January 30,2017 . Search or scroll to find the financial statements and related notes. What is the total debt fincluding current liablities and deferred taxes) reported in the balance sheet in the most recent two years? 2. Compare the total labilites (including current liabilies and deferred taxes) with the shareholders' equity and calculate the debt to equity ratio for the most recent two years. 3. Does Mocy's obtain more financing through notes, bonds, or commercial paper? Are required debt payments increasing or decreasing over the next three years? 4. Does Macy's classily any shorterm debt as long-term? 5. Note 6: Financing includes the following statement "On November 18, 2014, the Company issued $550 milion aggregate principal amount of 4.5% senior notes due 2034 . This debt was used to pay for the redemption of the $407million of 7.875% senlor notes due 2015 descrbed above, Under some drcumstances, Macy's could have reported the amounts due in 2015 as long-term debt at the end of the previous year even though these amounts were due within the coming year, Obtain the relevant authoritative literature on classificaton of debt expected to be financed using the FASB Accounting Standards Codification You might gain access from the FASB website (umwfosb org), from your school library, or some other source. Determine the criteria for reporting currently payable debt as long term. What is the specific nine-digit Codfication citation (X ) that Macy's would rely on in applying that accounting treatment? Complete this question by entering your answers in the tabs below. Does Macy's ciasify any short-term debt as long-term? reported; Macy's, Inc. [LO14-1, LO14-2, LO14-3, LO14-4] EDGAR, the Electronic Data Gothering. Analysis, and Retrieval system, Aerforms automated collection, validation, indexing, acceptance and forwarding of submissions by companies and others who are required by law to fle forms with the US. Securities and Exchange Commissian (SEC) Al publdy traded domestic componies use EDGAR to make the majority of their filings. (Some foreign companies do so volintarily) Form 10-K, induding the annual repart, is required to be filed on EDGAR. The SEC makes this information avalable on the internet Required: 1. Access EDGAR on the internet at www.secgov or from investor Relations at the Macy's, Inc: (Wwwmacys comj) Search for Macy's. Access its 10-K fling for the year ended January 30, 2097. Search or scroll to find the financial statements and related notes. What is the total debt (including curtert labblities and deferred taves) reported in the balance sheet in the most recent two years? 2. Compse the total liabilities (including current liabilities and deferred taxes) with the thareholders' equily and cakculate the debt to equity ratio for the most rocent two year 3. Does Macys obtain more Enancing through notes, bonds, of commercial paper? Are required debt payments increasing or decreasing over the newt thee years? 4. Does Macys classify any shortterm debt os long-term? 5. Note 6. Financing includes the following statement "On November ti. 2014, the Company issued $550 million aggregate principal anourt of 4.52 senior notes due 2034. This debt was used to pay for the redemption of the $407 milion of 7.8754 senior notes due 2015 described above." Under some circumstances, Macy's could have reported the amounts due in 2015 as longterm debt at the end of the previous year even though these amounts were due within the coming year Obtain the relevant authoritative literature on classification of debt expected to be financed using the FASE Accounting Standards Codification You might gain access from the IASe website bumefasb orol from your school lbery or some other source. Determine the criteria for reporting currently payable. debt av long tem. What is the specife rine digt codifcation citation (00 that Macy's would rely on in applying that accovente treatment? Complete this question by entering your answers in the tabs below. Determine the citeri for reportang currendy pbyable debt as loog-term. What is the specific rine-cgit Codflication citation