Discuss the amount of the bottom line item on the statement

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Reference no: EM131792566

My project is on Homedepot. Please use that as the company to complete the following

Project: Income Statement:

Always include the name of your company in the subject line and the link to the SEC 10-K in your posting!

Read the SEC 10-K for your company to answer the questions below.

Category: Revenue and Net Income

What were the corporation's net sales, cost of goods sold, and gross profit?

What was the corporate tax rate? This should be an item in the notes to the financial statement. Required disclosure usually explains the Federal Statutory rate and a reconciliation to the actual tax rate of the company each year.

Read the Statement of Comprehensive Income. Notice the first line is the Net Income from the Income Statement. Accumulated Other Comprehensive Net Income (or net loss) is an item in the Statement of Owners' Equity Section and in the Balance Sheet. Post the value from the Balance Sheet and comment on whether this item is increasing or decreasing (take care with the concept of change and net income or net loss).

What items appear under Other Comprehensive Income (Loss)?

What is the account and the amount of the bottom line item on the Statement (or Consolidated Statement) of Comprehensive Income?

Reference no: EM131792566

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