A Report On Financial Statement

1244 Words Oct 12th, 2015 5 Pages
1. Determine if the company owns investments in other companies that must be reported using the equity method or through consolidation. (Hint: if the financial statement has "Consolidated" in the titles, it has to have investments in subsidiaries) List the companies, the ownership percentage of each company, and the required reporting method for each company. (Use the SEC website 10-K and look at Exhibit 21)
Lowe 's Home Centers, Inc.
Lowe 's Home Centers, Inc.

2. Were any new corporate investments purchased or sold during the most recent annual period? If so, describe the transaction, the sales prices involved, and the valuation techniques used in recording the information about these transactions.
The primary component of net cash used in investing activities continues to be opening new stores, investing in existing stores through resets and remerchandising, and investing in distribution center and corporate infrastructure, including enhancements to information technology systems. Cash acquisitions of property were $3.3 billion in 2008, $4.0 billion in 2007 and $3.9 billion in 2006. The valuation techniques is market valuation.

3. If any goodwill is reported in the financial statements, discuss the amortization and/or valuation of the goodwill.
In January 30, 2009, available-for-sale investment securities’ amortized cost is 630 million, and fair value is 8 million. Depreciation and amortization of cash flows from operating activities is 1667 million in January 30,…
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