
Matching items Reported to Cash Flow Statement Categories (Indirect Method)
NIKE, Inc., is the best-known sports shoe, apparel, and equipment company in the world because of its association with sports stars such as LeBron James and Serena Williams. Some of the items included in its recent statement of
Indicate whether each item is disclosed in the operating activities (O), investing activities (I), or financing activities (F) section of the statement or use (NA) if the item does not appear on the statement.
_____1. Additions to long-term debt.
_____2.
_____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.

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Chapter 12 Solutions
Fundamentals Of Financial Accounting
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