Answer the following questions based on your examination of the Columbia Sportswear Company 2017 10-K.

1. What date was the 2017 annual report filed?
2. December 31, 2016
3. January 31, 2018
4. February 22, 2018
5. December 31, 2017

1. Who is Columbia Sportswear Company's auditor?
2. KPMG
3. Deloitte & Touche
4. PricewaterhouseCoopers
5. Ernst & Young

1. Did Columbia Sportswear Company receive an "unqualified" opinion?
2. No
3. Yes

1. Assets classified as Property, Plant and Equipment can be either acquired for use in operations, or acquired for resale.
2. True
3. False

1. What is the December 31, 2017 balance (in thousands) of Land and Improvements for Columbia Sportswear Company?
2. $21,065
3. $21,862
4. $21,049
5. $20,862

1. What is the December 31, 2017 balance (in thousands) of Furniture and Fixtures for Columbia Sportswear Company?
2. $79,103
3. $93,782
4. $83,613
5. $75,682

1. What is the December 31, 2017 balance (in thousands) of total Accumulated Depreciation for Property, Plant, and Equipment for Columbia Sportswear Company ?
2. $281,394
3. $279,650
4. $408,676
5. $455,811

1. Which depreciation method does Columbia Sportswear Company use?
2. Straight-line method
3. SYD method
4. DDB method
5. Activity Based method

1. Columbia Sportswear Company uses an estimated useful life for land improvements of:
2. 5 years
3. 7 years
4. 10 years
5. 15 years

1. Columbia Sportswear Company depreciates leasehold improvements over:
2. 5 years
3. 15 years
4. The greater of the estimated useful life of the improvement or the remaining term of the lease.
5. The lesser of the estimated useful life of the improvement or the remaining term of the lease.

1. When should long-lived assets be measured for impairment using the Recoverability test?
2. Quarterly
3. Semi-annually
4. Annually
5. When circumstances change indicating a carrying amount may not be recoverable
6. None of the above

1. To perform a Recoverability test for long-lived assets, the asset's carrying amount is compared to
2. The sum of the expected future net cash flows (discounted) from the use of that asset and its disposition
3. The sum of the expected future net cash flows (undiscounted) from the use of that asset and its disposition
4. The asset's original historical cost
5. The asset's fair market value

1. If the Recoverability test indicates an impairment, the loss for an asset held for use is the amount by which the carrying amount of the asset exceeds
2. The book value of the asset
3. The historical cost of the asset
4. The sum of the expected future cash flows (undiscounted) from the use of the asset and its disposition
5. The fair value of the asset

1. Is restoration of an impairment loss for long-lived assets allowed for an asset held for use?
2. Yes
3. No

1. Is restoration of an impairment loss for long-lived assets allowed for an asset held for disposal?
2. Yes
3. No

1. What amount did Columbia Sportswear Company include in SG & A expense as impairment charges for long-lived assets for December 31, 2017?
2. $4,171,000
3. $1,401,000
4. $4,310,000
5. $1,550,000

1. Which of the following is not a characteristic of all intangible assets?
2. Long-term in nature
3. Lack physical existence
4. Amortized over the intangible asset's legal life
5. Represent an entity's rights and privileges

1. Which item is amortized by Columbia Sportswear Company over its estimated useful life?
2. Goodwill
3. Intangible Assets with finite useful lives
4. Intangible Assets with indefinite useful lives
5. All of the above
6. None of the above

1. What is the net carrying amount (in thousands) for Patents and Purchased Technology for December 31, 2017 for Columbia Sportswear Company?
2. $14,198
3. $37,198
4. $3,547
5. $4,877

1. What is the amount (in thousands) of Intangibles assets not subject to amortization for December 31, 2017 for Columbia Sportswear Company?
2. $143,731
3. $115,421
4. $129,555
5. $138,584

1. Columbia Sportswear Company acquired 100% of the equity interest in PrAna Living LLC during 2014.How much of the purchase price was allocated to Goodwill (in thousands)?This will take some digging into past 10K reports (hint:Pull the 2014 -10K from the Columbia website under Investor Relations)
2. $188,467
3. $193,413
4. $65,842
5. $54,156

1. When Columbia Sportswear Company acquired 100% of the equity interest in PrAna Living LLC during 2014, how much of the purchase price was allocated to acquired identifiable intangible assets (in thousands)?
2. $139,257
3. $114,500
4. $54,156
5. $65,842

1. The value of goodwill is the excess of
2. The purchase price over the fair value of tangible and identifiable intangible net assets acquired.
3. The purchase price over the fair value of tangible net assets acquired.
4. The purchase price over the carrying value of tangible and identifiable intangible net assets acquired.
5. The purchase price over the carrying value of tangible net assets acquired.

1. Internally generated goodwill associated with a business may be recorded as an asset when a firm offer to purchase that business unit has been received.
2. True
3. False

1. Did Columbia Sportswear Company recognize any goodwill impairment for December 31, 2017?
2. Yes
3. No