Refer to the financial statements of American Eagle Outfitters given in Appendix B at the end of

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Refer to the financial statements of American Eagle Outfitters given in Appendix B at the end of this book or open file AEOS.pdf in the Annual Report Cases directory on the student CD-ROM.

Required: 1. How much interest expense was paid in cash during the current fiscal year? 2. Explain why the company does not report bonds payable on its balance sheet. 3. Describe the company's established arrangements, if any, that permit it to borrow money if needed.

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Financial Accounting

ISBN: 9780070891739

1st Canadian Edition

Authors: Robert Libby

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