CP6-2 Finding Financial Information LO6-1, 6-3, 6-5
CP6-2 Refer to the financial statements of Urban
Outfitters given in Appendix C at the end of this book.
Required: 1. How much cash and cash equivalents
does the company report at the end of the current year?
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(in thousands)
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Where can this information be found?
2. What was the change in accounts receivable and
how did it affect net cash provided by operating activities for the current
year?
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3. Which types of customers account for most of the
company's accounts receivable?
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The accounts receivable
are primarily due from wholesale customers and credit card customers.
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Did bad debts expense increase or decrease between
2011 and 2012? (Dollars in thousands.)
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Bad debt expense
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increased
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From:
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$ 2,397
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in 2011
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To:
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$ 3,920
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in 2012
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How did you know?
4. Where does the company disclose its revenue
recognition policy?
When does the company record revenues for the
“sale” of gift cards?
