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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:**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.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education