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equired: 1. Which of the two basic reporting approaches for the cash flows from operating activities did The Home Depot use? Indirect Direct 2. What amount of income tax payments did The Home Depot make during the year ended January 29, 2017? $4,623 million $3,082 million $639 million $12 million 3. In the fiscal year ended January 29, 2017, The Home Depot generated $9,783 million from operating activities. Indicate where this cash was spent by listing the two largest cash outflows. Cash Dividends ($3,404 million) and Share Repurchase ($6,880 million) Long-Term Debt Repayments ($3,045 million) and Share Repurchase ($6,880 million) Share Repurchase ($7,000 million) and Cash Dividends ($3,404 million) Share Repurchase ($6,880 million) and Capital Expenditures ($1,621 million)

Respuesta :

Answer:

find attached missing financial statements:

Indirect method

$4,623 million

$9,783 -$3404 million cash dividends and $6,880 million share buyback

Explanation:

The company used the indirect method of preparing cash flow because the net income was adjusted to reflect cash flow from operations

Income tax payment made during the year ended is $4,623 as shown under the supplemental disclosure in the attached financial statements missing from the question.

The cash of $9,783 million generated from operations was used in paying dividends of $3,404 million as well as buying back shares to the tune of $6,880 as contained in the financial activities section of the cash flow statement.

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