Review Reebok’s financial statements in Appendix E.

Required

a. Read Notes 1 and 13. Identify any unfamiliar or unusual terms. Match the terms presented in this chapter to the terms used by Reebok.

b. Does the firm’s treatment of foreign currency translations seem to have any significant effect on its balance sheet? On its income statement?

c. What other impact might foreign currency translations have on the longterm success or failure of this firm? On other aspects of its financial statements? On other aspects of the firm’s performance? P-968