Question

Comparative Analysis Problem: Columbia Sportswear Company vs. Under Armour, Inc. The financial statements for the Columbia Sportswear Company can be found in Appendix A, and Under Armour, Inc's financial can be found in Appendix B at the end of this book.

Columbia Statements are here: http://www.chegg.com/homework-help/questions-and-answers/financial-statements-columbia-sportswear-company-presented-appendix-b-based-information-fi-q20398389

Under Armour Statements are here: https://www.sec.gov/Archives/edgar/data/1336917/000133691715000006/ua-20141231x10k.htm

Required

a. Examine the balance sheet of Columbia Sportswear and identify three items that indicate that the company uses accural method of accounting. In each case, identify the likely income statement account that is affected by these accurals.

b. Examine the balance sheet of Under Armour, Inc and identify three items that indicate that the company uses accural method of accounting. In each case, identify the likely income statement account that is affected by these accurals.

Answer 1