accounting-State whether your corporation uses the direct or indirect method

QUESTION

Category: Operating Activities

1. State whether your
corporation uses the direct or indirect method of preparing the Statement of
Cash Flows and describe how the Statement would be different under these two
methods.

2. What are the largest increases and
decreases in the operating activities section of your corporation’s Statement
of Cash Flows?

3. Given the industry your corporation
operates in and the current economic environment, explain any unexpected
operating activities that caused cash flow to decrease.

Category: Investing and Financing Activities

1. Explain similarities and or differences in
preparing the Statement of Cash Flows using International Financial Reporting
Standards (IFRS).

2. Describe investments reported on your
corporation’s Statement of Cash Flows in the current and most recent past year.

3. Review your corporation’s
Statement of Cash Flows over the past 3 years and explain any financing trends.

SEC 10-K. (n.d.).2014
Nike, Inc. Annual Report. Retrieved from
http://www.sec.gov/Archives/edgar/data/320187/000032018714000097/nke-5312014x10k.htm
SEC
10-K. (2015, 7 23). Retrieved from 2015 Nike, Inc. Annual Report:
https://www.sec.gov/Archives/edgar/data/320187/000032018715000113/nke-5312015x10k.htm#s1C9F725DCA8DB9C4CF77E8276268A5D0

ANSWER:

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