Comparative Analysis: Under Armour, Inc., versus Columbia Sportswear
Refer to the 10-K. reports of Under Armour, Inc., and Columbia Sportswear that arc available for download from the companion website at CengageBrain.com.
Required:
Introduction:
Interest income is earned when a company invests money in another company or investment. In such a case, the company receives a regular return which recorded as interest income.
Interest income for U.A. Inc. and C.S. for year 2015 and 2016.
Interest Income is recorded by the company on receiving interest for the investments made in another company.
The company earns this interest from the side investments and thus, reports it as Non-operating interest income as it has been received from other course of business and not business operations...
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