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Complete P6-6 (page 317) and CP6-2 (page 322) from Chapter 6 of Financial Accounting textbook. REFER TO APPENDIX C IN BOOK Financial Accounting 8th edition
Complete P6-6 (page 317) and CP6-2 (page 322) from Chapter 6 of Financial Accounting textbook.
REFER TO APPENDIX C IN BOOK Financial Accounting 8th edition by libby libby short
CP6-2 | Finding Financial Information | LO6-1, 6-3, 6-5 | |||
Refer to the financial statements of Urban Outfitters given in Appendix C at the end of this book. | |||||
Required: | |||||
1. How much cash and cash equivalents does the company report at the end of the current year? | |||||
(in thousands) | |||||
Where can this information be found? | |||||
2. What was the change in accounts receivable and how did it affect net cash provided by operating activities for the current year? | |||||
3. Which types of customers account for most of the company's accounts receivable? | |||||
Did bad debts expense increase or decrease between 2011 and 2012? (Dollars in thousands.) | |||||
Bad debt expense | |||||
From: | in 2011 | ||||
To: | in 2012 | ||||
How did you know? | |||||
4. Where does the company disclose its revenue recognition policy? | |||||
When does the company record revenues for the sale of gift cards? | |||||
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