Problem

The following excerpt was taken from The Home Depot, Inc. 2012 Annual Report (for the fisc...

The following excerpt was taken from The Home Depot, Inc. 2012 Annual Report (for the fiscal year ended February 3, 2013).

Analyze:

If accountants at The Home Depot, Inc. failed to record cash receipts of $125,000 on February 3, 2013, what impact would this error have on the balance sheet category “Cash and cash equivalents”?

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