Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 15

Consider note 1 to the 2012 financial statements of Home Depot, Inc. in Appendix A at the end of this textbook.se this report to assess the globalization of Home Depot by answering the following questions:
a.hat are the locations of Home Depot 's international stores What other global operations does Home Depot undertake
b.efer to note 1 under "Segment Information." What percentages of total assets and net sales revenue were associated with international operations in 2011 in 2012
c.ead note 1 under "Foreign Currency Translation." What exchange rate is used to translate foreign assets and liabilities for reporting purposes
d.ead note 1 under "Derivatives." Is there any evidence that management undertakes any formal hedging to attempt to reduce the impact of currency exchange risk
e.ome Depot 's provision for taxes for 2012 and 2011 was $2,686 and $2,185 million, respectively.f the total taxes each year, $230 and $150 million, respectively, were paid to foreign governments.hat percentage of taxes was paid to foreign countries each year
f.eview note 2 to the consolidated financial statements and use the information gathered from the above questions to explain if you believe Home Depot, Inc. is a multinational company Why or why not