Question

What accounts method/principle does the Columbia Sportswear company use to determine its cash and cash equivalents and its receivables?

Answer 1

Cash and cash equivalents:

Columbia Sportswear company,uses fair value accounting method where Fair value is the estimated price at which an asset can be sold or a liability settled in an orderly transaction to a third party under current market conditions.

For Columbia Sportswear company, Cash and cash equivalents are stated at fair value or at cost, which approximates fair value, and include investments with original maturities of 90 days or less at the date of acquisition. At December 31, 2016 , and 2015 cash and cash equivalents consisted of cash, money market funds and time deposits.