Use the Topps Company annual report to answer the following questions.

a. Which accounts on Topps’ balance sheet are accrual type accounts?

b. Which accounts on Topps’ balance sheet are deferral type accounts?

c. Compare Topps’ 2003 net income to its 2003 cash provided by operating activities. Which is larger?

d. First, compare Topps’ 2002 net income to its 2003 net income. Next, compare Topps’ 2002 cash provided by operating activities to its 2003 cash provided by operating activities. Which changed the most from 2002 to 2003, net income or cash provided by operating activities?