Fundamental Financial Accounting Concepts, 9th Edition
Fundamental Financial Accounting Concepts, 9th Edition
9th Edition
ISBN: 9780078025907
Author: Thomas P Edmonds, Christopher Edmonds, Frances M McNair, Philip R Olds
Publisher: McGraw-Hill Education
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Chapter 12, Problem 15Q
To determine

Discuss the advantage of using the direct method to present the statement of cash flows.

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Questions: What is the name of the accounting firm that audited Urban Outfitters, Inc.? Urban Outfitters, Inc., is a specialty retailer, offering a wide selection of clothing, accessories, and other items. The Fiscal Year 2013 Annual Report for Urban Outfitters, Inc., can be found here.  Page F-2 (page 54 in the pdf document) of that annual report contains the "Report of Independent Registered Public Accounting Firm," or the auditor's report. This report consists of four paragraphs.  That page is replicated in the attached photo.
Question: What standards were used to conduct the audit, what is Urban Outfitters' fiscal year end, and what financial statements were audited? Urban Outfitters, Inc., is a specialty retailer, offering a wide selection of clothing, accessories, and other items. The Fiscal Year 2013 Annual Report for Urban Outfitters, Inc., can be found here.  Page F-2 (page 54 in the pdf document) of that annual report contains the "Report of Independent Registered Public Accounting Firm," or the auditor's report. This report consists of four paragraphs.  That page is replicated in the attached photo.
1. Cost of Goods Manufactured: A company has the following information for the month: Beginning Work in Process Inventory: $25,000 Ending Work in Process Inventory: $30,000 Direct Materials Used: $50,000 Direct Labor: $40,000 Manufacturing Overhead: $35,000 What is the Cost of Goods Manufactured for the month?
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