Assignment 5: Financial Acct 1
CP9-2
| CP9-2 | Finding Financial Information | LO9-1, 9-5, 9-6 | |
| Refer to the financial statements of Urban Outfitters given in Appendix C at the end of this book. | |||
| Required: | |||
| 1. What is the amount of accrued compensation at the end of the most recent reporting year? (Dollars in thousands.) | |||
| 2. As reported on the Statement of Cash Flows, by what amount did accounts payable, accrued expenses and other current liabilities | |||
| change over the most recent reporting year? (Dollars in thousands.) | |||
| How did this change affect cash flows from operating activities during the most recent reporting year? | |||
| 3. What is the amount of long-term liabilities at the end of the most recent reporting year? (Dollars in thousands.) | |||
CP9-2 Check Figures
| CP9-2 | Finding Financial Information | LO9-1, 9-5, 9-6 | |
| Refer to the financial statements of Urban Outfitters given in Appendix C at the end of this book. | |||
| Required: | |||
| 1. What is the amount of accrued compensation at the end of the most recent reporting year? (Dollars in thousands.) | |||
| $ 15,630 | |||
| 2. As reported on the Statement of Cash Flows, by what amount did accounts payable, accrued expenses and other current liabilities | |||
| change over the most recent reporting year? (Dollars in thousands.) | |||
| How did this change affect cash flows from operating activities during the most recent reporting year? | |||
| 3. What is the amount of long-term liabilities at the end of the most recent reporting year? (Dollars in thousands.) | |||
Sheet2
| List 1 |
| Increase |
| Decrease |