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E12-1 Matching Items Reported to Cash Flow Statement Categories (Indirect Method) [LO 12-1, LO 12-2] NIKE,...


E12-1 Matching Items Reported to Cash Flow Statement Categories (Indirect Method) [LO 12-1, LO 12-2] NIKE, Inc., is the best-known sports shoe, apparel, and equipment company in the world because of its association with athletes such as LeBron James, Roger Federer, and Madison Keys. Some of the items included in its recent statement of cash flows presented using the indirect method are listed here. Indicate whether each item is disclosed in the operating activities (O), investing activities (I), or financing activities (F) section of the statement or use (NA) if the item does not appear on the statement.

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Answer #1

Solution:

NIKE, Inc. Cash flow from
1. Additions to long-term debt. Financing Activity
2. Depreciation. Operating activity
3. Additions to equipment. Investing activity
4. Increase (decrease) in notes payable.(The amount is owed to financial institutions.) Financing Activity
5. (ncrease) decrease in other current assets. Operating activity
6. Cash received from disposal of equipment. Investing activity
7. Reductions in long-term debt. Financing Activity
8. Issuance of stock. Financing Activity
9. (Increase) decrease in inventory. Operating activity
10. Net income. Operating activity

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