Listed Below Is the Net Sales in $ Million for Home

question 51

Multiple Choice

Listed below is the net sales in $ million for Home Depot Inc., and its subsidiaries from 1994 to 2003. Using the printout below, what are the estimated sales for 2010?

• A) $90,618.6 Million
• B) $97,082.5 Million
• C) $116,464.2 Million
• D) $103,546.4 Million
• E) $110,010.3 Million

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Definitions:

Acquisition Method

An accounting technique used to consolidate the financial statements of two companies after an acquisition.

Equity Method

An accounting approach used to reflect the value of an investment in another company, where the investment's value is adjusted based on the investor's share of the investee's profits or losses.

Par Value

The face value of a bond or stock as stated by the issuing company, which does not necessarily reflect its market value.

Fair Value

An estimated market value of an asset or liability, derived from current prices in an active market.