REPORTING AND ANALYSIS

BTN$2-1.$ Financial Reporting Problem: Columbia Sportswear Company The financial statements for the Columbia Sportswear Company can be found in Appendix A at the end of this book.

Columbia Sportswear

Company The following selected accounts and their balances, in thousands, are from those statements:

$\backslash$table$[[$Cimmmon stock,$ $20,165],[$Accounts payable,$206\mathrm{.}697$

BTN$2-2.$ Comparative Analysis Problem: Columbia Sportswear Company vs$.$ Under Armour, Inc. The financial statements for the Columbia Sportswear Company can be found in Appendix A$,$

Columbia Spo

Compan and Under Armour, Inc.$\text{'}$s financial statements can be found in Appendix B at the end of this book.

Required

Each

ollowing accounts is listed in the company's financial statements:

Accounts receivable

Property, plant, and equipment

Inventories

Accounts payable

Cash

Income taxes payable

Long$-$term debt

Cost of goods sold

Retained earnings

$60$

$64$

$65$

$$

Identify the probable other account involved when:

Cost of goods sold is increased.

Accounts payable is increased.

Accounts receivable is decreased.

$67$

Income taxes payable is increased.

$67$

Property, plant, and equipment is increased.

$3$TN$2-6.$ Accounting Ethics Case Andy Frame and his supervisor are sent on an out$-$of$-$town assignment by their employer. At the supervisor's suggestion, they stay at the Spartan Inn, across the street from the Luxury Inn. After three days of work, they settle their lodging bills and leave. On the return trip, the supervisor gives Andy what appears to be a copy of a receipt from the Luxury Inn for three nights of lodging. Actually, the supervisor indicates that he prepared the Luxury Inn receipt on his office computer and plans to complete his expense reimbursement request using the higher lodging costs from the Luxury Inn.

Required

What are the ethical considerations that Andy faces when he prepares his expense reimbursement request?