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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Case 1-74 Comparative Analysis: Under Armour, lnc., versus Columbia Sportswear

Refer to the 10-K reports of Under Armour, Inc., and Columbia Sportswear that are available for download from the companion website at CengageBrain.com

Required:

Answer the following questions:

What were the major sources and uses of cash for each company?

To determine

Concept Introduction:

The Cash flow statement shows the movement of cash during a particular period. The Cash flows are categorized into three categories as follows:

  • Operating Activities: Operating Activities are day to day business transactions, for example sales purchase etc.
  • Investing Activities: Investing Activities belong to the sale or purchase of assets or investments of a business. For example sales of fixed assets etc, purchase of investments.
  • Financing Activities: Financing Activities includes the transactions related to raising business finds through equity or debts. For example, issuance of shares and payment of dividend to shareholders.

Requirement-a:

To Indicate:

The major sources and use of cash of Under Armour Inc. and Columbia Sportswear for the year ended Dec. 31, 2016.

Explanation

The major sources and use of cash of Under Armour Inc. and Columbia Sportswear for the year ended Dec. 31, 2016 can be found under the consolidated statement of Cash flow as follows:

    Year 2016 Under Armour Inc. Columbia Sportswear

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