Access over 20 million homework & study documents

search

ACC 291 Week 4 DQ 1

Type

Homework

Rating

Showing Page:
1/3
ACC 291 Week 4 DQ 1
Access the annual report on the Internet for your current or former employer organization. If
your employer organization is not a publicly traded company, access the annual report you used
for the Week 3 DQ 1 response.
The response must include the name of the company, a brief summary of the services and/or
products this company provides, the date of the annual report you accessed and the website
address for the statement of cash flows that appears in the annual report. If applicable, identify
the parent company and subsidiary companies.
Answer the following questions based on the company’s statement of cash flows.
What is the dollar amount for the net cash provided by operating activities?
Does the format of the operating activities section indicate that the indirect or direct method was
used to prepare this section of the statement of cash flows? Please include an explanation to
support your response.
What are at least 2 line items and dollar amounts that appear in the investing activities section?
What are at least 2 equity or debt financing activities (line items and dollar amounts) that appear
in the financing activities section report?
Does a line item for Noncash Investing and Financing Activities appear below the statement of
cash flows? If so, please identify the transaction and the dollar amount.

Sign up to view the full document!

lock_open Sign Up
To be eligible to earn full credit, your responses to the questions above need to be presented in
your own words instead of a copied and pasted statement of cash flows. Make sure you reference
the cited source(s) for the annual report and the statement of cash flows.
Activision Blizzard, Inc. reported $418,000 net income and $1,376,000 net cash provided by
operating activities in their 2011 10-K annual report (SEC, 2012). As an investor, I prefer
companies that use the indirect method of reporting for their statement of cash flows mainly
because it is the method used by most companies and the method I am most familiar with.
Additionally, because of the majority use, it provides a better basis for comparability from
company to company. However, according to Weygandt, Kimmel, and Kieso (2010) the FASB
prefers the direct method because its basis better reflects the intentions of indicating cash flows
than the indirect method.

Sign up to view the full document!

lock_open Sign Up
Reference:
U.S. SEC (2012). Activision Blizzard, Inc. 2011 10-K Report. Retrieved from
http://www.sec.gov/Archives/edgar/data/718877/000104746911001413/a2202068z10-
k.htm#dq71101_item_8._financial_statements_and_supplementary_data
Weygandt, J.J., Kimmel, P.D., & Kieso, D.E. (2010). Financial accounting (7th ed.). Hoboken,
NJ: John Wiley & Sons.

Sign up to view the full document!

lock_open Sign Up
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Anonymous
Really great stuff, couldn't ask for more.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4