Question
Please answer the following questions based on the Columbia Sportswear Company 2017 10-K. (Link to the Columbia's 10K: http://files.shareholder.com/downloads/COLM/6230778634x0x977594/E27E55DB-E7E3-4C4A-BA09-B8BB85FB2893/2018_Combined_Shareholder_Letter_and_10-K.pdf) 21. Internally generated goodwill associated with
Please answer the following questions based on the Columbia Sportswear Company 2017 10-K.
(Link to the Columbia's 10K: http://files.shareholder.com/downloads/COLM/6230778634x0x977594/E27E55DB-E7E3-4C4A-BA09-B8BB85FB2893/2018_Combined_Shareholder_Letter_and_10-K.pdf)
21. 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. a. True b. False
22. Did Columbia Sportswear Company recognize any goodwill impairment for December 31, 2017? a. Yes b. No
23. Depreciation and amortization recognized (in thousands) by Columbia Sportswear Company for December 31, 2017 was a. $60,016 b. $40,871 c. $56,521 d. $59,945
24. Which of the following would not be amortized? a. Patent b. Trade name c. Customer list d. Copyright
25. What was the total of Accrued Liabilities (in thousands) for Columbia Sportswear Company as of December 31, 2017? a. $453,636 b. $362,851 c. $182,228 d. $252,301
26. The accrued product warranties balance (in thousands) recognized by Columbia Sportswear Company for the year ending December 31, 2017 is? a. $11,455 b. $13,500 c. $12,339 d. $11,487
27. What categories of commitments and contingencies did Columbia Sportswear Company disclose? a. Operating leases b. Inventory Purchase Obligations c. Litigation d. Indemnities and Guarantees e. All of the above
28. Does Columbia Sportswear Company believe the ultimate resolution of current legal proceedings will have a material adverse effect on their financial statements? a. Yes b. No
29. What is the value (in thousands) of the asset retirement obligations for Columbia Sportswear Company as of 12/31/17? a. $3,342 b. $4,580 c. $48,735 d. $42,622 e. $0
30. At December 31, 2017, was Columbia Sportswear Company in compliance with all associated covenants related to its domestic revolving line of credit (maturity date of July 1, 2021) ? a. Yes b. No
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