CP10-2 Finding Financial Information LO10-1,
10-2
CP10-2 Refer to the financial statements of Urban Outfitters given in Appendix
C at the end of this book.
Required:
1. Unlike most companies, Urban Outfitters
does not report the amount of interest paid in cash during the most recent
reporting year. Explain why you think the company has omitted this information.
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.
|
The notes disclose that the company
has established an unsecured line of credit.
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File name: MBA6014 unit6 CP10-2.xls File type: .doc PRICE: $6
