Case: Comparing Financial Information Refer to the financial statements of The Home Depot in Appendix A and Lowe's in Appendix B at the end of this book, or download the annual reports from the Cases section of the text's Web site.
Required: 1. Refer to the notes to the financial statements to determine how much The Home Depot and Lowe's each spent on advertising expenses in the most recent fiscal year.
2. How much did The Home Depot and Lowe's each owe for salaries and wages at the end of the most recent year? Provide one reason that would explain the difference between the two companies' accrued payroll liabilities.