Reference no: EM132736990
Questions -
Q1. Assume that someone is given the following information related to Nike:
Net cash provided by financing activities 4201
Net cash used in investing activities -542
Net cash used in operating activities -1301
Beginning cash balance 520
Required - Calculate the ending cash balance.
Q2. Assume that Nike's year-ended 12/31/19 trial balance reports the following information (all accounts have normal balances):
Notes receivable, due in 3 years 4724
Cash surrender value of life insurance 1201
Land held for speculation 4329
Goodwill 2340
Required - Calculate total long-term Investments.
Q3. Assume that Apple's income statement and comparative balance sheets report the following information:
Increase in inventory 1280
Decrease in accrued liabilities 730
Net income 6400
Gain on sale of building 2280
Required - Calculate cash from (for) operating activities. If the net cash is an outflow, please place a negative sign in front of the answer.
Q4. Assume that Walmart had the following information:
impairment loss on building $5,230
unrealized gain on available for sale debt securities 3,201
loss on extinguishment of debt 1,832
administrative expenses 4,278
Required - Calculate Walmart's other comprehensive income.
Q5. Assume that Nike reported the following information:
Income before tax $4,231
unrealized holding gain on available for sale debt securities 1,025
income attributable to non-controlling interests 830
income tax expense 1,270
gross profit 12,019
Required - Calculate net income attributable to Nike's common stockholders.