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Chapter 1 - Decision Case 2

Chapter 1 - Decision Case 2 - CengageNOW I Assignmentl...

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Unformatted text preview: CengageNOW I Assignmentl Print Page 1 of 1 Assignment: Chapter 1 Decision Case 2 ‘ _\—""l Reading and Interpreting Under Armour‘s Financial Statements Refer to the financial statements for Under Armour and answer the following questions. Enter all amounts in thousands as shown in Armour's financial statements. 1. What was the company's net income for 2011? $ 6) b a (a: 2. State Under Armour's financial position on December 31, 2011, in terms of the accounting equation. Assets = Liabilities + Owners' Equity $ 9115410 _$ 3132,??? +$ 5315731 3. By what amount did property and equipment, net, increase during 2011? $ W425“ ; 33/ 1705’ 9011 61010 ... 8/29/2016 ...
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  • Summer '16
  • Accounting, Generally Accepted Accounting Principles, $ 6, $ 3132, $ 5315731 3, $ 9115410

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