**Cash Flow Statement Analysis: NIKE, Inc.**NIKE, Incorporated, a leading sports shoe, apparel, and equipment company, is known for its association with prominent athletes. This analysis focuses on determining whether specific items are disclosed in the operating, investing, or financing activities section of NIKE's statement of cash flows when using the indirect method.Below is a list of items to consider:1. **Additions to long-term debt.**2. **Depreciation.**3. **Additions to equipment.**4. **Increase (decrease) in notes payable.** (The amount is owed to financial institutions.)5. **(Increase) decrease in other current assets.**6. **Cash received from disposal of equipment.**7. **Reductions in long-term debt.**8. **Issuance of stock.**9. **(Increase) decrease in inventory.**10. **Net income.**> Indicate the appropriate section for each item or mark as not applicable (NA) if it does not appear on the statement.

Items of Cash Flow Statement: S. No. Item Classification 1 Addition to Long Term Debt Cash…

Answered: 1. Additions to long-term debt. 2.…

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

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Chapter1: Financial Statements And Business Decisions

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Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) Twix $ 7,200 54,000 72,000 (36,000) 43,200 (79,200) Dots $ 180,000 14,400 36,000 (18,000) (39,600) 21,600 Cash Flows from Operating Activities (Indirect) Twix Adjustments to reconcile net income to net cash provided by operating activities: Income statement items not affecting cash Changes in current operating assets and liabilities Skor $ 129,600 43,200 (7,200) 18,000 For each separate company, compute cash flows from operations using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign. 25, 200 (14,400) Dots Skor
10. Preparing a funds statement; cash flow from operations. You have the following information about the financial affairs of the XYZ Company: 1. Balance sheets: Current Assets: Cash..... Accounts receivable Inventories.. Total Current Assets Beginning of Year $ 2 235 End of Year $ 1 4 6 $10 Land, plant, and equipment, cost. $20 $11 $29 Less: Accum. depreciation Total Assets... Current Liabilities: Accounts payable Taxes payable.... Notes payable.. 8 12 $22 $ 4 1 2 ; 8「: སནྡྷ། 20| $31 $ 3 Total Current Liabilities $ 5
Sales Cost of goods sold Depreciation Other operating expenses Income tax Loss on sale of equipment Gain on sale of investment Net earnings and comprehensive income As at December 31 Cash Accounts receivable Inventory Equipment Less: accumulated depreciation Investment Total Accounts payable Income tax payable Bonds payable Common shares Retained earnings Total $193,800 25,400 76,100 43,800 3,000 (2,300) 20X2 $ 69,300 89,600 187,700 556,300 (231, 200) 54,700 $ 726,400 $ $510,000 339,800 $170, 200 20X1 $ 55,200 102, 600 175,400 475,400 (229,100) 79,000 $ 658,500 62,000 10,000 45,700 307, 200 301,500 $ 726,400 $ 658,500 $ 104,100 7,000 307, 200 240, 200 Additional information: During the year, equipment with an original cost of $99,800 was sold for cash.
Nn.21. Subject :- Account
72. The effect of which is recognized directly in equity rather than in surplus or deficit Correction of current period error Effect of changes in accounting estimates Gair or losses on remeasuring available for sale financial assets All of these
I know in order to find changes in current operating assets using the indirect method you start with the net income and subtract the increase in liabilities which would be your accounts receivable and add your decrease in inventory and subtract your decrease in accounts payable in order to find the net income. However when I compute this it says I am incorrect.
QUESTION 8: "Cash restricted for retirement of long-term debt" should be reported under which section of the statement of financial position? a. Non-current assets. b. Current assets. c. Non-current liabilities. d. Current liabilities.
Asset turnover is measured by Sales revenue / Average total assets. State the effect the following event occurring on the reporting date would have on this ratio. EVENT: An interest payment on an interest-only loan Decrease
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