Refer to the financial statements of Abercrombie & Fitch given in Appendix C at the end of
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Refer to the financial statements of Abercrombie & Fitch given in Appendix C at the end of this book, or open tile ANF.pdf in the Annual Report Cases directory on the student CD-ROM.
Required: 1. What is the amount of accrued compensation for the current year? 2. How did changes in accounts payable and accrued expenses affect cash flows from operating activities in the current year? 3. What is the amount of long-term liabilities for the current year? 4. What amount of catalog and advertising expense remains unpaid at the end of the current year? 5. Does the company have any contingent liabilities?
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