Question: Polaris statement of cash flows in Appendix A describes changes
Polaris’ statement of cash flows in Appendix A describes changes in cash and cash equivalents for the year ended December 31, 2011. What total amount is provided (used) by investing activities? What amount is pro-vided (used) by financing activities?
Answer to relevant QuestionsRefer to the financial statements of Polaris in Appendix A near the end of the book. To what level of significance are dollar amounts rounded? What time period does its income statement cover?Review the Arctic Cat balance sheet in Appendix A. Identify an asset with the word receivable in its account title and a liability with the word payable in its account title.Refer to the balance sheet and income statement for Polaris in Appendix A. What does the company title its inventory account? Does the company present a detailed calculation of its cost of sales? Refer to KTM’s balance sheet in Appendix A. What does it title its plant assets? What is the book value of its plant assets at December 31, 2011?Refer to Arctic Cat’s balance sheet in Appendix A. What is the amount of Arctic Cat’s ac-counts payable as of March 31, 2011?
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